Rame nails Chile PPA, picks Vestas
UK-based developer Rame Energy has agreed a 10-year power purchase agreement (PPA) for its 9MW Punta Chrome wind project with Empresa Electrica ERNC-1, a Chilean energy fund.
Located south of Santiago, Chile, near the coastal town of Concepción, Punta Chome is due for construction in 2014 with power output expected in 2015, subject to financing.
Rame has awarded Vestas a supply deal for three V126 3.3MW wind turbines for the project.
Once complete, Rame will have an interest in three wind projects totalling 24MW, in line with its targeted operational portfolio of 300MW within three years.
The company struck a deal with Santander earlier this month to co-finance the construction of the first two plants in the area, which will total 15MW and also use Vestas turbines.
“We now have power purchasers secured for our entire 2014 wind portfolio. This will enable us to build on our existing revenues through our transformation into an IPP in Chile,” says Rame’s CEO Tim Adams.