The companies have signed a memorandum of understanding (MoU) for Rame to provide the mine with 6.25GWh a year from a 1.8MW, $4m wind farm, to be built on Cerro Bayo's property and expected to be operational next April.
Under the MoU, signed through Rame's wholly owned subsidiary Seawind Holdings, the developer will provide power at an agreed price per MWh to Cerro Bayo for a minimum of five years from the start of commercial operations of the wind farm, then on a rolling one-year contract at Cerro Bayo's option.
The
