Under the agreement, InterEnergy will have first rights to buy the projects when they reach ready-to-build status, which is projected to happen by the fourth quarter of 2017, Rame said in a statement.
The loan carries an annual interest rate of 8% and is repayable in full within 30 months of the first drawdown.
InterEnergy has recently acquired other 15MW of wind projects from Rame and is investing in renewable energy projects in Panama.
Rame
