RATCH advances solar and hydropower projects to lift revenue

Projects include solar in the Philippines and hydropower in Vietnam.

RATCH Group is targeting EBITDA of $458.82m (THB15b) in 2026, with renewable energy expected to contribute at least 15% of total revenue.

The company expects to start recognising revenue from two renewable energy projects this year, including a 71.05MW solar farm in the Philippines and a 5.5MW hydropower plant in Vietnam.

RATCH is also allocating $305.88m (THB10b) for existing projects and new investments.

The company plans to bid for renewable energy and natural gas-fired projects in Thailand under the country’s Power Development Plan. It is also pursuing projects in Indonesia, including an expansion of the 1,000MW Paiton combined-cycle power plant in East Java, a 200MW gas-engine project and a 140MW combined-cycle power and cooling project in Batam.

RATCH has expanded into data centre power supply. RATCH Pathana Energy, which RATCH owns 51.67%, signed an agreement to supply 60MW to a data centre at SAHA Group Industrial Park in Chonburi.

RATCH’s 40%-owned Nava Nakorn Electricity Power Plant also signed agreements with two data centre customers for 48MW and 20MW.

The company is also negotiating a potential 100,000-tonne-per-year sustainable aviation fuel project in Türkiye and developing new businesses at the Ratchaburi Power Plant site.

RATCH said it will continue advancing its investment pipeline and greenhouse gas reduction roadmap towards net-zero emissions.