Name

RATCH-Australia Corporation

Legal name

RATCH Australia Corporation

Website

https://ratchaustralia.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

North Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Generation and Sales: RAC generates electricity from its portfolio of 11 energy generation assets including wind farms, solar farms, and gas-fired power stations. Electricity is sold directly into the National Electricity Market and through bilateral offtake agreements with energy retailers and corporate customers.
2. Power Purchase Agreements (PPAs): Long-term offtake agreements with energy retailers such as ZEN Energy for 200 GWh annually over 10 years, providing predictable revenue streams from specific generation assets.
3. Government Energy Contracts: Long-term agreements with governments such as the Government of South Australia to lease and operate gas turbines, providing stable government-backed revenue.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

RATCH-Australia Corporation (RAC) is an independent power producer that owns, develops, and operates a portfolio of wind farms, solar farms, and gas-fired power stations across Australia. The company generates electricity from its 11 generation assets (1.6GW operational) and sells the power directly into Australia's National Electricity Market as well as through long-term bilateral offtake agreements and Power Purchase Agreements with energy retailers and corporate buyers. RAC also provides firming energy and grid stability services through its gas-fired Snapper Point and Kemerton assets to support the integration of renewable energy into the grid.

Product overview

RATCH-Australia Corporation (RAC) operates as an independent power producer managing a diversified portfolio of renewable energy assets and gas-fired power stations across Australia. The portfolio includes operational wind farms (Mount Emerald 180.5MW, Collector 226.8MW, Lincoln Gap 1&2 212MW, Starfish Hill 33MW, Yandin), solar farms (Collinsville 42.5MW), and gas-fired firming facilities (Snapper Point 154MW, Kemerton Power Station). The company also develops new projects including Lincoln Gap Stage 3 (278MW) and Marulan Solar Farm (152MWac with BESS). RAC's generation assets provide electricity stability to Australia's renewable energy market, with 1.6GW operational capacity and 1.8GW under development.

Differentiator

Problem solved

Functional benefit

Products and services

• Snapper Point Power Station A 154MW gas turbine facility located in Adelaide, SA, providing firming energy to support South Australia's transition to renewable energy sources. Operational since June 2022, it consists of five GE TM-2500 mobile aero-derivative gas turbines and is leased and operated under a long-term agreement with the Government of South Australia. Power is sold directly into the electricity market through the Electranet network.
• Collector Wind Farm A 226.8MW wind farm in southern NSW, operational since June 2021. RAC's first project in NSW and largest wind farm built in Australia, consisting of 54 turbines producing 528 GWh annually, powering 80,000 NSW homes and saving close to 320,000 tonnes of CO2 each year. A 20.6% share of generation (110 GWh/annum) is contracted under a 10-year PPA to ZEN Energy.
• Mount Emerald Wind Farm An 180.5MW wind farm located in Atherton Tablelands, QLD, operational since 2019. Queensland's largest wind farm at the time, featuring 53 turbines (37 x 3.45MW and 16 x 3.3MW) generating approximately 500 GWh annually and avoiding 275,000 tonnes of CO2 emissions per year. Includes a 435-hectare seed bank on adjacent land supporting biodiversity offsets including Northern Quoll population monitoring.
• Lincoln Gap Wind Farm (Stages 1 & 2)

Quantifiable outcome

• Provides 3,268 GWh of annual generation
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and major.

• ZEN EnergycoreGTM or Marketing Partner · 8 April 202410-year offtake agreement for 200 GWh annually of renewable energy from RAC wind farms in NSW and South Australia. Includes 20.6% of Collector Wind Farm generation (110 GWh/annum) and 100% of Starfish Hill Wind Farm (90 GWh/annum).
• Terrain SolarcoreStrategic or Co-development Partner · 16 August 2023Partnership for development of Marulan Solar Farm (152 MWac with 81MW/162MWh BESS) in NSW. Terrain handles development and planning approval, RAC leads construction, operation and maintenance as part of wider Australian portfolio.
• Nexif EnergycoreStrategic or Co-development Partner · 1 December 2022RATCH Group acquired Nexif Energy in December 2022 and integrated its Australian entities (RAC) in December 2023. Relevant assets include Snapper Point Power Station and Lincoln Gap Wind Farm 1 and 2, plus Lincoln Gap 3 and development opportunities.
• RBC Capital MarketsmajorImplementation/ SI/ Consulting Partner · 1 September 2022Served as financial adviser for green financing framework refinancing of three newest renewable energy assets.
• Squire Patton BoggsmajorImplementation/ SI/ Consulting Partner · 1 September 2022Served as borrower's counsel for green financing framework refinancing.
• KPMGmajorImplementation/ SI/ Consulting Partner · 1 September 2022Served as tax and stamp duty adviser for green financing framework refinancing.
• King & Wood MallesonsmajorImplementation/ SI/ Consulting Partner · 1 September 2022Served as lender's counsel for green financing framework refinancing.
• Alinta EnergycoreStrategic or Co-development Partner · 1 January 2019Alinta Energy operates the Yandin Wind Farm with RAC having acquired the asset. Community Fund advisory committee includes Alinta Energy Asset Engineer.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AGL Energy: Australia's largest electricity generator with a portfolio spanning coal, gas, wind, and solar assets. Directly comparable to RAC as a multi-technology Australian IPP exposed to the same NEM dynamics and energy transition themes.
• Origin Energy: Major Australian integrated energy company with large-scale generation (gas, wind, solar, batteries) plus retail energy. Comparable generation portfolio, customer base of corporate/retail energy buyers, and exposure to NEM wholesale pricing.
• Tilt Renewables: Australian wind and solar developer/operator with operational wind farms across Australia and NZ. Closely comparable to RAC's wind-heavy operational portfolio and development pipeline model.
• Infigen Energy (Iberdrola Australia): Australian renewable energy developer and operator (acquired by Iberdrola in 2020) with wind and battery storage assets. Direct peer on the wind + storage proposition and NEM merchant exposure.
• Genex Power: Australian renewable energy developer focused on large-scale solar with integrated battery storage (e.g., Bouldercombe, Kidston). Comparable development pipeline model with significant BESS co-location, similar to Lincoln Gap Stage 3 and Marulan.
• Alinta Energy: Australian energy generator and retailer with gas-fired generation, wind (Yandin, operated on behalf of RAC), and renewables. Direct comparable for RAC's gas + wind portfolio mix and retail/industrial energy customer base.

Broad incumbents

• APA Group: Australia's largest natural gas infrastructure business with growing renewable energy investments. Comparable as a diversified energy infrastructure operator with gas and renewable exposure, though APA's primary business is gas transmission and distribution.
• Engie Australia: Australian arm of global IPP Engie, operating wind, solar, battery, and gas assets plus retail. Comparable diversified energy portfolio and corporate PPA customer base, though Engie is part of a much larger global group.

Regional players

• Meridian Energy: New Zealand state-owned renewable generator (wind, hydro, solar) with growing Australian exposure through Powershop retail. Comparable renewable-only generation profile, though operating primarily in NZ rather than Australia.

Emerging players

• Edify Energy: Australian renewable energy developer focused on utility-scale solar and battery storage projects. Comparable in focus on co-located solar + BESS development (similar to RAC's Marulan project) though smaller in scale and earlier-stage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ratch-australia-corporation-limited/jobs

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RATCH-Australia Corporation