Rame Energy plans to raise up to £2.1m ($3.4m) to finance its stake in three wind projects in the south American nation totalling 24MW.

The company – newly-listed on London’s AIM market – has struck a deal with Santander to co-finance construction of the first two plants near Conception, totalling 15MW. The developer will hold a 20% share with the option to take complete ownership.

Vestas