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Denham Capital to sell Nexif Energy’s portfolio to RATCH Group in deal worth $1bn

Denham Capital and Nexif have signed a share sale agreement with Thailand’s RATCH Group PLC for Nexif Energy’s portfolio of Australian and Southeast Asian energy assets at an enterprise value in excess of $1 billion (transaction equity value of $605 million).

Denham Capital, the global energy transition investment firm, and Nexif, the renewables focused power development and investment company, founded Nexif Energy in August 2015 to acquire, develop, construct and operate a clean energy-focused power generation and battery storage portfolio across Australia and Southeast Asia while maintaining the highest environmental and social standards. 
Capitalizing on the expertise, brand, and capital backing of its sponsors, Nexif Energy has built an attractive project portfolio with a total capacity of close to 2.7GW. Of this, nearly 500MW is currently operational or under-construction, increasing to c1.3GW operational or under-construction by 2023, and a further c1.4GW at various stages of development.
Nexif and RATCH will work together to manage and continue to grow the Nexif Energy portfolio through a new Nexif-RATCH joint venture following completion of the transaction.

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