Rame progress Chilean wind power project

Update on Construction of Chilean Wind Power Project

Rame has announced the achievement of mechanical completion at its 15MW Raki / Huajache wind project. All five wind turbines are now erected which marks a critical milestone for the project and commissioning has commenced. Raki / Huajache is the most advanced project in Rame’s mature development pipeline and power out is expected in the next few weeks.

This will formally mark the completion of the Company’s transition to an independent power producer.

CEO Tim Adams said “I am delighted we have reached mechanical completion on this, our first wind project as an independent power producer. The construction of this 15MW project in just 10 months is clear evidence of our capacity to manage complex operations under, at times, challenging and adverse circumstances.

“The project builds on Rame’s position as an early mover in the Chilean energy market, and the achievement of mechanical completion represents a genuine landmark for the Company and its partnership with Banco Santander. We anticipate power out in the next couple of weeks, and I look forward to making a further update then.”

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