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RAME Rame Energy

7.125
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rame Energy LSE:RAME London Ordinary Share JE00BBD8GG53 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.125 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Rame Energy Share Discussion Threads

Showing 26 to 40 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
03/10/2014
09:57
Northland Capital like Rame Energy's appointment of Andrew King the investment banker - RAME News
- Today, 10:57 AM

loading
02/10/2014
06:45
Rame Energy / Index: AIM / Epic: RAME / ISIN: JE00BBD8GG53 / Sector: Energy
2 October 2014
Rame Energy plc ("Rame" or the "Company")
"Residential Generation" Legislation Opens Up Domestic Chilean Solar Market

Rame Energy Plc, the international power generator and engineering company, is pleased to announce an update with regards to its solar activities in Chile, following the passing of legislation by the Chilean Government which will open up the country's domestic market for renewables and in particular, solar power. The legislation comes into effect this week. This update is in line with the Company's strategy to grow all three of its business divisions: On-Grid Power Generation, Off-Grid Power Generation and Engineering Services.

Highlights

· Rame is ideally positioned to capitalise on the emerging domestic solar market considering its in-country experience and following the recent acquisition of solar installation company Beco

· "Residential Generators" in Chile are now able to connect renewable energy systems, such as solar, to the distribution system and receive payments for the surplus electricity they generate

o House-owners are highly incentivised to install renewable power solutions, fuelling growth in the domestic market

· Rame has entered into an MOU with Santiago School 'Colegio Suizo de Santiago' ("CSS") to install their first 'residential' rooftop photo voltaic ("PV") system

· Rame will install, own and operate a 25kW solar power plant for CSS, scheduled for commissioning in early 2015, and scope exists to extend the solar plant to a capacity of 300kW

Lilian Nunez, CEO of Rame's South American Operations said "This legislation is the result of a participative process between various stakeholders, from government to distribution companies and independent power producers like Rame Energy. It provides a practical and workable framework that will ensure the domestic solar market will see huge growth. Through Beco Solar we have the immediate expertise and critical mass to allow us to be at the forefront of this new market and we are already designing our first rooftop systems that are covered by this new legislation."

Rame CEO Tim Adams said "We are delighted to be at the vanguard of residential generation in Chile. We recognise the increasing importance of solar power across all our markets and have the expertise to deliver scalable solar engineering and construction solutions. The MOU with CSS marks our entry to this new generation market almost simultaneously with the announcement of the enabling legislation, demonstrating the strong positioning of Rame to react quickly to new energy opportunities in the country. As an additional benefit, we will have effected the transfer of Beco Solar's installation capabilities into Chile with the prospect of a very substantial new installation business to target. Our dynamic response to new markets for both our engineering and generation activities continues to support our growth strategy as Rame remains focused on near term revenue and earnings."

Residential Generation Legislation

The Chilean government has sent another strong signal that it is committed to tackling its energy issues and sees renewable energy as a major contributor to its energy mix.

Renewables are already a major component in Chile's utility scale market and, last week, the market was further extended by the publication of new legislation regarding Residential Generators. The new net metering laws will open up the domestic market for renewable, and in particular, solar power.

Residential Generators will be now able to connect renewable energy systems, such as solar and wind as well as co-generation plants, to the distribution system. The legislation, which comes into effect this week, recognises the value of local power production and grants all small scale users (under 100kW) the right to grid connection. This provides a strong financial imperative; not only will house-owners benefit from the reduction in power drawn from the grid; they will also receive payment for the surplus electricity they generate. Owners will 'sell' surplus electricity back to the grid (at regulated tariffs) in return for a proportionate reduction in their electricity bills, or, if the surplus value exceeds the bill, a VAT free payment which, critically, can accrue over time.

This provides a big incentive for families and businesses to install PV systems and the Directors believe it will lead to an expansion in the country's rooftop solar market.

Additionally, under the new arrangements, smaller installations are not subject to the standard environmental protection procedures and the distribution companies will set the permitted installed capacity and be responsible for surplus injection readings. This makes the adoption of small scale PV systems relatively straightforward and therefore even more attractive to consumers.

MOU to provide power to Santiago School

The value of bolstering Rame's solar capabilities has been swiftly recognised as the Company has entered into a MOU with Santiago School 'Colegio Suizo de Santiago' ("CSS") to install their first 'residential' rooftop PV system.

Under the terms of the MOU, Rame will install, own and operate a 25kW solar power plant. The electricity produced will be sold to CSS under a 15 year power purchase agreement ("PPA") with any excess to be 'sold' back to the grid by the school. The plant is scheduled for commissioning in early 2015.

Not only will the project establish Rame's market presence and act as a demonstrator to the local community, there is scope to extend the solar plant to a capacity of 300kW. The ultimate ambition is to power CSS with 100% renewable energy and Rame will work in partnership with the school to provide a platform for teachers and students to engage in applied research and teaching processes.

liquid millionaire
10/9/2014
06:59
Nomura just issued 31p buy note for RAME
davidcod
05/9/2014
12:32
Northland Capital Partners View on the City: Rame Energy, Union Jack Oil, Europa Oil & Gas, Premier African Minerals and others
- Today, 12:13 PM

loading
05/9/2014
07:22
Rame Energy to expedite current wind programme says Northland Capital - RAME
- Today, 8:17 AM

loading
05/9/2014
07:22
Rame Energy to expedite current wind programme says Northland Capital - RAME
- Today, 8:17 AM

loading
05/9/2014
06:56
RAME [also very good news for largest shareholder PIRI]



Rame Energy / Index: AIM / Epic: RAME / ISIN: JE00BBD8GG53 / Sector: Energy
5 September 2014
Rame Energy plc ("Rame" or the "Company")
Secures Loan for £300,000

Rame Energy plc, the international energy consultant, engineer and power generator, is pleased to announce that it has received an unsecured loan of £300,000 (the "Loan") from existing shareholder Amati Global Investors Limited, acting as manager on behalf of Amati VCT plc and Amati VCT2 plc (the "Amati VCTs"). The Loan follows the successful placing of £750,000 announced on 28 August 2014 and completes the funding package that will be used to expedite the development of the Company's next four wind projects totalling up to 118 MW under the terms of the framework agreement with Santander Investment Chile Limitada ("Santander") announced on 16 June 2014.

Details of the Loan

The Loan is for a principal amount of £300,000 ("Par") for a term of five years during which it will be redeemable by the Company at any time. For the first 12 months the interest rate on the Loan is 8% p.a., payable quarterly in arrears and after 12 months the interest rate shall rise to 25% p.a., payable quarterly in arrears. If the Loan is redeemed within six months of issue, the Company shall pay 104% of Par; if the Loan is redeemed between 6 and 12 months from issue the Company shall redeem the Loan by payment of 106% of Par and if the Loan is redeemed after 12 months from issue the Company shall redeem the Loan by payment of 200% of Par, together with any accrued interest.

In addition, the Company has issued the Amati VCTs with warrants exercisable for a period of three years to subscribe for a total of 1,666,667 shares at 18p per share.

Jan J. Gawel, CFO, commented, "We are very pleased to have concluded the financing to accelerate the due diligence required under the terms of the Santander framework agreement to develop a further 118MW of wind assets with assistance from Amati, an existing and supportive shareholder. This loan is intended as a short term bridge to allow Rame to bring forward the point at which Santander buys-in to the project while giving us the financial flexibility to advance other opportunities such as our off-grid wind development at the Cerro Bayo mine. We look forward to updating the market in due course as we continue to progress our portfolio of Chilean wind projects."

liquid millionaire
05/9/2014
06:56
RAME [also very good news for largest shareholder PIRI]



Rame Energy / Index: AIM / Epic: RAME / ISIN: JE00BBD8GG53 / Sector: Energy
5 September 2014
Rame Energy plc ("Rame" or the "Company")
Secures Loan for £300,000

Rame Energy plc, the international energy consultant, engineer and power generator, is pleased to announce that it has received an unsecured loan of £300,000 (the "Loan") from existing shareholder Amati Global Investors Limited, acting as manager on behalf of Amati VCT plc and Amati VCT2 plc (the "Amati VCTs"). The Loan follows the successful placing of £750,000 announced on 28 August 2014 and completes the funding package that will be used to expedite the development of the Company's next four wind projects totalling up to 118 MW under the terms of the framework agreement with Santander Investment Chile Limitada ("Santander") announced on 16 June 2014.

Details of the Loan

The Loan is for a principal amount of £300,000 ("Par") for a term of five years during which it will be redeemable by the Company at any time. For the first 12 months the interest rate on the Loan is 8% p.a., payable quarterly in arrears and after 12 months the interest rate shall rise to 25% p.a., payable quarterly in arrears. If the Loan is redeemed within six months of issue, the Company shall pay 104% of Par; if the Loan is redeemed between 6 and 12 months from issue the Company shall redeem the Loan by payment of 106% of Par and if the Loan is redeemed after 12 months from issue the Company shall redeem the Loan by payment of 200% of Par, together with any accrued interest.

In addition, the Company has issued the Amati VCTs with warrants exercisable for a period of three years to subscribe for a total of 1,666,667 shares at 18p per share.

Jan J. Gawel, CFO, commented, "We are very pleased to have concluded the financing to accelerate the due diligence required under the terms of the Santander framework agreement to develop a further 118MW of wind assets with assistance from Amati, an existing and supportive shareholder. This loan is intended as a short term bridge to allow Rame to bring forward the point at which Santander buys-in to the project while giving us the financial flexibility to advance other opportunities such as our off-grid wind development at the Cerro Bayo mine. We look forward to updating the market in due course as we continue to progress our portfolio of Chilean wind projects."

liquid millionaire
05/9/2014
06:52
More funding for RAME... interesting terms... hope they pay it back within the year !"T"
t-raider
21/8/2014
08:32
Rame not mentioned specifically in this article being linked to Rame on Directors Talk:



Might actually have direct relevance to PIRI, one of Rame's major shareholders. Obviously closely connected to what Rame is up to and this is what was said in the PIRI Interims statement:

"...While the Company is not exclusively focused on renewable energy, it has, since investing in Rame, seen a number of interesting international opportunities in this area and we have established a subsidiary company to focus on the sector.

We have a number of significant transactions under review and have entered into a partnership arrangement with a significant European wind consultancy/developer in relation to one of them..."

outspan
21/8/2014
08:27
Rame word continuing to spread. This article also being featured on "Scoop-it" and "Directors Talk" websites:
outspan
18/8/2014
08:10
Northland's View on Rame Energy, Avnel Gold Mining and Nostra Terra Oil and Gas Today - AVK, NTOG, RAME - Today, 9:09 AM
liam wilson
16/8/2014
12:55
RAME [also good for PIRI as a large RAME shareholder]



Rame Energy looking to power up with Chilean growth
By Craig Ribton August 11 2014, 2:41pm Opportunity knocks: Chile offers a significant opportunity for Rame. Opportunity knocks: Chile offers a significant opportunity for Rame.
Rame Energy (LON:RAME) has come to the market with what, on the face of it, looks like quite an interesting investment proposition – bringing renewable energy to the industrial sector in Chile.
When you drill down and assess the company's expertise in this sector and couple this with its unique funding deal, you realise the group has a very well thought out strategy.
The essence of the opportunity is found in Rame's engineering heritage, in particular its decade-long track record in managing specialised wind power projects.
The breakthrough came when the group was asked to build, from scratch, a solution to Barrick Gold's energy needs, in the Andes.
"It is the highest operating wind turbine in the world," said chief executive Tim Adams of the giant wind turbine Rame built.
"We thought it [the project] was going to be all about logistics, but in fact it was also about developing core technology that worked at altitude."
"So we gained a lot of experience of what's in the box. It took us into Latin America and exposed us to the mining industry and was our first demonstrable turnkey power project at scale."
Rame immediately became recognised as a leader in this particular niche sector - and it was obvious there was an opportunity to build, own and earn yield from these projects.
At the same time, project funding for wind energy, which had been problematic in the aftermath of the global financial crisis, became easier to source.
This all led to a decent starting point for Rame.
The company is being bankrolled by a local subsidiary of Santander under a quite intricate funding formula that appears to be a win-win.
Santander has committed US$69mln; however, this isn't subordinated debt.
It will invest at an equity level, acquiring its stake of up to 90% of the project, on an agreed price per megawatt hour.
Under this formula, the amount invested by Santander to acquire its stake will be more than it costs Rame to develop the asset – so there is a profit there for the company.
It also makes a margin from the building phase itself. Rame's expertise in project management and construction should minimise the leakage of cash out to a subcontractor.
"Less than a year down the line, Rame will have the opportunity to buy Santander out of its share of the project," Adams said.
"This should see the bank receive a private equity level of return for a short hold period, while still generating a strong return for Rame for the life of the project."
The deal could be funded through a traditional bank facility, although it is considering all of its funding options, including a bond.
The last stage of the value creation process would be to sell 49% of the forward revenue stream to financial institutions such as cashed up Chilean pension funds, seeking to invest in long term and low risk cash flows.
"They are hungry for low risk, stable income project investment and are increasingly recognising the potential of energy projects, in addition or as a substitute to traditional infrastructure projects such as toll roads or hospitals," the chief executive explained.
"We would then be left with a majority holding of a project which, in addition to the immediate revenue from the sell down which can be re-invested in new projects or returned to shareholders, will provide the company with a long term, stable income stream."
As he points out, 100 megawatt (MW) sold on this basis "would see substantial cash inflows".
The group expects to build 300MW of capacity by 2017 and the Rame chief executive is confident the demand is there to achieve that target.
The group cemented its relationship with Santander on the 15MW Raki-Huajache Project that should be completed by the end of the year.
Rame has already completed the bulk of the development and thus Santander is benefiting from short lead times.
Transforming itself into an independent power producer (IPP) is just one of three divisions which provide revenue streams to the business.
The company also has a small-scale generation division, which is focused on the fuel replacement market.
As highlighted by its partnership recently established with Mandalay Resources (TSE:MND), there are plenty of opportunities for this division, which adds renewable energy such as solar, wind or heat recovery systems to create hybrid power generating systems.
Because of the stated short life of Mandalay's Cerro Bayo mine, in southern Chile, few traditional renewables companies and power producers would see an opportunity to make a fuel displacement power project work, CEO Adams said.
Meanwhile, its size, small at 1.5MW, would also be off-putting to companies without the requisite expertise and background, he pointed out.
However, Rame is making the leap, knowing where others can't, it can make a good return over the stated remaining life of the Cerro Bayo mine.
If, as Rame anticipates, the life of the mine is extended, then Rame's investment would continue to see the benefit.
"In fact these small fuel replacement jobs segue quite nicely with the larger projects, while the income stream will also be aided by the income generated by the base engineering business," Adams said.
He also believes Rame could start paying out dividends from some of this growing earnings stream in the next two years.
"We are currently saying the sweet spot for us is when we have circa 100MW. So there is no reason why we couldn't dividend in early 2016," the Rame boss explained.
As outlined above, the company's expertise has been derived through its Engineering Services Division, which supplies bespoke power generation solutions to the industrial, mining and utility sectors.
This third division operates in both the UK and Chile, and continues to generate a significant revenue stream.
In fact, Rame recently acquired a long-established UK solar business to bolster its capabilities in this area, and this could also provide opportunities for the Large Scale Power Generation Division in the future.
Rame also sees strong opportunities for growth in this area and this will be another focus for the management team in the coming months.
It is this flexible and diversified ability to provide power solutions to a range of different projects, as well as build its own, which makes Rame such an interesting and solid proposition.

liquid millionaire
16/8/2014
12:54
RAME [also good for PIRI as a large RAME shareholder]



Rame Energy looking to power up with Chilean growth
By Craig Ribton August 11 2014, 2:41pm Opportunity knocks: Chile offers a significant opportunity for Rame. Opportunity knocks: Chile offers a significant opportunity for Rame.
Rame Energy (LON:RAME) has come to the market with what, on the face of it, looks like quite an interesting investment proposition – bringing renewable energy to the industrial sector in Chile.
When you drill down and assess the company's expertise in this sector and couple this with its unique funding deal, you realise the group has a very well thought out strategy.
The essence of the opportunity is found in Rame's engineering heritage, in particular its decade-long track record in managing specialised wind power projects.
The breakthrough came when the group was asked to build, from scratch, a solution to Barrick Gold's energy needs, in the Andes.
"It is the highest operating wind turbine in the world," said chief executive Tim Adams of the giant wind turbine Rame built.
"We thought it [the project] was going to be all about logistics, but in fact it was also about developing core technology that worked at altitude."
"So we gained a lot of experience of what's in the box. It took us into Latin America and exposed us to the mining industry and was our first demonstrable turnkey power project at scale."
Rame immediately became recognised as a leader in this particular niche sector - and it was obvious there was an opportunity to build, own and earn yield from these projects.
At the same time, project funding for wind energy, which had been problematic in the aftermath of the global financial crisis, became easier to source.
This all led to a decent starting point for Rame.
The company is being bankrolled by a local subsidiary of Santander under a quite intricate funding formula that appears to be a win-win.
Santander has committed US$69mln; however, this isn't subordinated debt.
It will invest at an equity level, acquiring its stake of up to 90% of the project, on an agreed price per megawatt hour.
Under this formula, the amount invested by Santander to acquire its stake will be more than it costs Rame to develop the asset – so there is a profit there for the company.
It also makes a margin from the building phase itself. Rame's expertise in project management and construction should minimise the leakage of cash out to a subcontractor.
"Less than a year down the line, Rame will have the opportunity to buy Santander out of its share of the project," Adams said.
"This should see the bank receive a private equity level of return for a short hold period, while still generating a strong return for Rame for the life of the project."
The deal could be funded through a traditional bank facility, although it is considering all of its funding options, including a bond.
The last stage of the value creation process would be to sell 49% of the forward revenue stream to financial institutions such as cashed up Chilean pension funds, seeking to invest in long term and low risk cash flows.
"They are hungry for low risk, stable income project investment and are increasingly recognising the potential of energy projects, in addition or as a substitute to traditional infrastructure projects such as toll roads or hospitals," the chief executive explained.
"We would then be left with a majority holding of a project which, in addition to the immediate revenue from the sell down which can be re-invested in new projects or returned to shareholders, will provide the company with a long term, stable income stream."
As he points out, 100 megawatt (MW) sold on this basis "would see substantial cash inflows".
The group expects to build 300MW of capacity by 2017 and the Rame chief executive is confident the demand is there to achieve that target.
The group cemented its relationship with Santander on the 15MW Raki-Huajache Project that should be completed by the end of the year.
Rame has already completed the bulk of the development and thus Santander is benefiting from short lead times.
Transforming itself into an independent power producer (IPP) is just one of three divisions which provide revenue streams to the business.
The company also has a small-scale generation division, which is focused on the fuel replacement market.
As highlighted by its partnership recently established with Mandalay Resources (TSE:MND), there are plenty of opportunities for this division, which adds renewable energy such as solar, wind or heat recovery systems to create hybrid power generating systems.
Because of the stated short life of Mandalay's Cerro Bayo mine, in southern Chile, few traditional renewables companies and power producers would see an opportunity to make a fuel displacement power project work, CEO Adams said.
Meanwhile, its size, small at 1.5MW, would also be off-putting to companies without the requisite expertise and background, he pointed out.
However, Rame is making the leap, knowing where others can't, it can make a good return over the stated remaining life of the Cerro Bayo mine.
If, as Rame anticipates, the life of the mine is extended, then Rame's investment would continue to see the benefit.
"In fact these small fuel replacement jobs segue quite nicely with the larger projects, while the income stream will also be aided by the income generated by the base engineering business," Adams said.
He also believes Rame could start paying out dividends from some of this growing earnings stream in the next two years.
"We are currently saying the sweet spot for us is when we have circa 100MW. So there is no reason why we couldn't dividend in early 2016," the Rame boss explained.
As outlined above, the company's expertise has been derived through its Engineering Services Division, which supplies bespoke power generation solutions to the industrial, mining and utility sectors.
This third division operates in both the UK and Chile, and continues to generate a significant revenue stream.
In fact, Rame recently acquired a long-established UK solar business to bolster its capabilities in this area, and this could also provide opportunities for the Large Scale Power Generation Division in the future.
Rame also sees strong opportunities for growth in this area and this will be another focus for the management team in the coming months.
It is this flexible and diversified ability to provide power solutions to a range of different projects, as well as build its own, which makes Rame such an interesting and solid proposition.

liquid millionaire
12/8/2014
15:37
Looks like the Northland Capital Broker's note is starting to win a few friends
clarityjones
Chat Pages: 6  5  4  3  2  1

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