Rame Energy Share Discussion Threads

[risk assesor] 30/6/2015 07:52

results out

2014 as expected post year end some significant revenues...and several projects about to close.

outlook very encouraging.

Eng business - Significantly ahead of 2014.

Beco solar - With additional sales resource now in place, we see growth in revenue and the clear emergence of solar IPP opportunities both in Chile and the UK.

Project business is lumpy, capital intensive but huge revenues, spanning 5 - 25 years

Chile from a business I am involved in,seeing huge growth and govmt support for renewables

[5baggersrus] 26/6/2015 11:14

The honourable Maximo Pacheco Matte, Energy Minister of Chile, led a ceremony last week to mark connection to the grid of Santiago's first renewable energy project to qualify for new legislation to incentivise rooftop generation.

Rame completed the 25kW rooftop installation for the School in February. It is the first phase of a planned development totalling approximately 300kW and the electricity produced will be sold to the school under a 15 year power purchase agreement.

The installation is key to the school’s green agenda which recently won an innovation award from the British – Chilean Chamber of Commerce.

Opening the ceremony, Minister Pacheco said “…I am very happy to be able to celebrate this huge accomplishment with you, this is the first net billing project in the Metropolitan Region and the second in the country. Congratulations to all the parties involved for the power of collaboration and innovation displayed in this project”.

Rame Vice President of Global Business Development, Marcelo Banto said “We were delighted to welcome Minister Pacheco to celebrate being the first Company in Santiago to receive a grid connection under the new legislation. Once again, Rame has seized first mover advantage in the Chilean Energy market and this firmly establishes the Company as a rooftop PV independent power producer”.

Date: 21 June 2015

[t-raider] 25/6/2015 22:09

Frustratingly delayed it would seem... results due by the 30th, so maybe news held back till then ?"T"

[5baggersrus] 25/6/2015 16:23

....wheres the commissioning news then .... ?

[t-raider] 04/6/2015 21:28

Dare we suggest the large seller is now flushed out ?Liquidity an issue as it is with many AIM stocks, but a return to iPo prices must be on the cards with the commissioning news due mid June."T"

[someuwin] 24/3/2015 19:42

Rame Energy set to capitalise as Chile's wind industry grows

By Giles Gwinnett

March 24 2015, 2:17pm

Shares in South American power supplier Rame Energy (LON:RAME) shot up over 10% as it expanded the capacity of its wind project agreement in Chile with Santander.

The amount of capacity to be built under the US$69mln framework has been increased by a net 15 megawatts (Mw) to 133Mw to incorporate a new 24 Mw wind project, the firm revealed.

The new project lies close to one of the existing planned developments and where it makes economic sense for two plants and the combined project will now have capacity of 54Mw and is scheduled to start construction in the final quarter of this year.

It comes at a time of big growth in the Chilean wind industry. In the first nine months of last year, the South American country installed 382Mw of wind capacity, more than doubling capacity, as it looks to rely less on fossil fuels.

As house broker Northland pointed out in a note to clients on Tuesday: "Rame remains ideally placed to capitalise on this opportunity."

Rame’s framework agreement with Santander is now for five wind powered plants to be installed in Chile by 2016.

One project - the 15Mw Raki/Huajache wind farm - has already been commissioned with first power expected in the coming weeks.

Santander will acquire each project on an agreed price per Mw, provide between 80 and 90% of the required equity capital and structure any debt packages. Rame is responsible for the balance of the equity.

The original framework was for six plants, but Rame said that due to the changes, the 9MW Punta Chome project has been taken out of the Santander agreement and sold to another developer - EREN Développement (EREN).

Rame has a project management contract with EREN worth $2mln between now and project completion, estimated to be in the second quarter of 2016, and it also has an option to take 20% of the project's equity.

Tim Adams, chief executive, said the new agreement was a testament to its relationship with Santander, while he was delighted to have agreed terms with EREN for Punta Chome that reflected Rame’s project management skills.

Analyst David Johnson of Northland said: "Rame has built up a considerable portfolio of potential projects at varying stages of development having operated in Chile as an EPC for a number of years. This portfolio provides a degree of flexibility as Rame builds up its IPP generating activities."

[t-raider] 24/3/2015 09:22

It is funny... if we had been an oil tiddler with a mkt cap of £8m, the news announced through March would have seen us double no problem...

The seller is a thorn in the side, but they can't be around forever and then....

"T"

[smudgedan] 24/3/2015 09:10

T Raider - great post and nice comparison. Clearly the seller(s) has been the main cause of the drop since IPO. I did contact the company a while back about this to see if they could determine from the register whether there was any trend and whether they were nearly done but although they responded they didn't provide anything.

Still, a good share to accumulate at these levels for a long term buy and hold.

[t-raider] 24/3/2015 09:00

Hard to see what more a company at this early stage of it development and tenure in the market can do ?

This is the third positive RNS during March and more to come...



Has sound financial backing from Santander (Chile) and now a German investment group (Anden), with plenty of scope for more.

Projects are self managed, so much of the expense / revenue is kept inhouse.

Scheduled portfolio expanding.

Compared to its peers (ie: TRIG - £400m+ mkt cap) its portfolio is roughly equivalent to one MW per £1m market cap. Sure TRIG has an established portfolio, but if RAME hits 133MW by eoy 2016 as targeted, will we have a mkt cap of £133m ? 16 times the current market cap ?

There has been a long term seller (since IPO), but as interest continues to grow, they'll be flushed out and who knows....

More commforatble in this than some of the prospective oilers and miners out there !

AIMO of course.

"T"

[someuwin] 24/3/2015 08:35

This co looks very interesting.

..And cheap.

[t-raider] 11/3/2015 07:06

Chile Gets Cleaner at a Profit With Pacheco Promoting Renewables March 10, 2015 (Bloomberg) -- Policies favoring clean energy and increased competition would normally dim prospects for existing producers. Not in Chile, where foreign investors are driving a renewable boom at a time of surging returns by local utilities. "T"

[flojo] 03/3/2015 12:13

No takers today .

[t-raider] 03/3/2015 11:59

Short article on Bloomberg :http://www.bloomberg.com/news/articles/2015-03-02/rame-energy-to-build-130-megawatts-of-renewable-energy-in-chileThanks to Stephenfryup from l s e site for link."T"

[cyfran101] 03/3/2015 00:23

There is the potential of Rame's solar projects having an unexpected bonus.

Water.

If the panels are placed in the hottest areas (Atacama Desert) then there is a possibility they will also collect water droplets from coastal fog via condensation.

Not a bad side product in the desert.



hxxp://news.nationalgeographic.com/news/2009/07/090709-fog-catchers-peru-water-missions/

[cyfran101] 03/3/2015 00:09

Last of the seller or just a read through from Rurelec's news of selling a majority stake in a Chilean power project?

[admin_1] 02/3/2015 12:53

Last of the seller today ? NT to buy any amount at the moment.. Project / Santander news due anytime now..

[t-raider] 17/2/2015 10:50

Morning... I've bought in to RAME for the first time this morning.

Have watched since the IPO and am surprised at the SP's performance, but guess this is AIM ! Now hoping the delays are behind them and the positive news of first power production will start to power the share price forward also.

A little concerned about the constant selling / seller, but the current market cap implies a fair entry point (hopefully).

Cheers
"T"

[liquid millionaire] 05/2/2015 07:35

Rame Energy / Index: AIM / Epic: RAME / ISIN: JE00BBD8GG53 / Sector: Energy

5 February 2015

Rame Energy plc ("Rame" or the "Company")

Update on Raki / Huajache Wind Power Project, Chile

Rame Energy plc, the independent power producer, is pleased to provide the following operational update regarding its 15MW Raki / Huajache wind project in Chile.

Rame holds a 20% equity interest in the project alongside Santander Investment Chile Limitada.

The landslide referred to in the Company's announcement on 16 December 2014 has now been cleared. As a result the transportation of the turbine components from the temporary storage facility at the port of Lirquen has now commenced and the first tower sections, nacelles and drive trains have arrived at the site. In addition, the main Liebherr LR1300 crawler crane has been assembled at turbine location 5, ready to commence the assembly process.

The transportation of the blades, which are stored at the port of Coronel, is scheduled to commence within 4 days once final police escort clearance is obtained. Following the road re-opening, a blade mock-up was transported along the delivery route to confirm there are no obstructions which could affect the delivery of the blades.

Once a blade set has arrived on site, assembly can commence and Rame anticipates that the project construction works will be completed within a period of six weeks, after which final testing of the wind farm as a whole can be concluded.

Photographs of the transportation process, assembly crane and components on site are now available on the Company's newly upgraded website and further pictures will be posted as the project progresses.

Tim Adams, CEO, commented: "The interruption caused by the landslide delaying transportation of turbine components to the site has presented a significant challenge to the expected timing of this project but we have taken all the steps necessary to minimise the impact. Through close cooperation with the local authorities and key subcontractors, the obstruction has been cleared and the necessary permissions are in place to undertake the complex logistical task of component delivery. This process is now well underway. The main installation crane is now ready to undertake the erection of the first turbine which means we are now entering the final phase of construction.

"Whilst the delay has been immensely frustrating for myself, the team and our stakeholders, I am pleased to report that the excellent progress we had been making prior to the landslide has now resumed. As soon as transportation of all components to site has been completed which remains subject to ongoing coordination with the Police, we will be able to give a definitive timetable for project completion. As we near the conclusion of this, our first project to be completed since our IPO and the first in conjunction with Santander, we are taking a considerable step in our development as an independent power producer".

[illuminati1] 04/2/2015 12:33

Seller cleared, +9%

This will move quickly with cash generating project update so close.

[clarityjones] 03/2/2015 12:51

This is a fast moving heavily traded exciting growth stock that keeps investors fully informed...not

[liquid millionaire] 27/10/2014 08:03

RAME & PIRI [shareholder in RAME]



Rame Energy / Index: Aim / Epic: Rame / ISIN: JE00BBD8GG53 / Sector: Energy
Rame Energy Plc ("Rame" or the '"Company")
Operational Update: Construction of Raki / Huajache Wind Farm Project Continues to Make Good Progress

Rame Energy Plc, the international power generator and engineering company, is pleased to announce an update on the construction of its fully funded 15MW Raki / Huajache Project ("the Project"), the Company's first equity participation in wind assets in Chile. This update is in line with Rame's strategy to become a niche independent power producer ('IPP'). Raki and Huajache are the first two of six wind farms with a combined capacity of 133MW currently under development by the Company's On-Grid Power Generation division.

A number of significant milestones have been achieved at the Project:
· Access roads, laydown areas and crane positions have been prepared
· Gravel piling beneath turbine foundations has been completed
· The first turbine foundation comprising of over 1,300 tonnes of concrete and 50 tonnes of steel reinforcement has been completed with the second foundation ready to be cast and work progressing well on the remaining three
· The trenches for inter array electrical cabling between the wind turbine generators have been completed
· The cabling between the onsite substation and the overhead export line has been completed
· Substation ground works have been completed and above ground works are underway
· All turbine components including blades, hubs, nacelles and tower sections have been delivered to Puerto Coronel and Puerto Liquen for final transportation to and assembly at the site

The completion stages of the Project; the erection and commissioning of the turbines, are due to start at the beginning of December 2014. Following commissioning of the Project, the power will be sold to EKA Chile S.A, a joint venture between AkZoNobel and Celulosa Arauco y Constitucion S.A for a period of 10 years. The Project's equity was funded under a joint venture with Santander, in which Rame has a 20% equity participation, and the debt has been provided by Chilean bank Banco BICE.

CEO Tim Adams said "Completing power projects on time and budget involves effective, proactive management and strong alignment between the project stakeholders and the contractors and suppliers performing the works. Rame is playing a critical role in this process and the successful achievement of the key stages of the Project outlined above is testament to the effectiveness of our project team and the strong working relationships we enjoy with our partners. With turbine erection now clearly in sight, we look forward to reporting on the completion phases of these first projects."

[luckylucas] 17/10/2014 11:54

Rame Energy has signed another deal, this time with Mandalay Resources to supply wind power to its mining project. Far cheaper than diesel and with the current focus on cutting costs in the sector, RAME offers a great solution. They have already built turbines for Barrick Gold and are also becoming an IPP in Chile in tandem with Santander.
Solar and wind projects being looked at in the UK and Europe, funding secured, all looks pretty good.
Also no subsidies, the bain of competitors