Rame Energy (LON:RAME) Energy is a new entrant to the AIM market and one I've taken a speculative position in. Rame Energy, headquartered in Plymouth focus on energy and marine services in the UK, the company has also built a pipeline of renewable energy projects in Chile. It is the entry that Rame Energy have carved to bring renewable energy to industrial and domestic sector in Chile which make this quite an interesting investment proposition for me. The Chilean government recently passed legislation to open up the country's domestic market for renewables and in particular, solar power, which is where the Beco Solar subsidiary would be well placed to capitalise.

The first Chile project which is the 15MW Raki-Huajache Project is currently at the completion stages where the erection and commissioning is set to get underway early December. The Raki and Huajache projects 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. Rame Energy have secured up to US$69m of equity financing for the Company's next four wind projects in Chile totalling 118 MW.

A key aspect of this potential growth for Rame is that is boasts banking major Santander as an equity partner for the energy projects under a structured arrangement which allows for them to bought out downstream, the potential benefits of this partnership framework is again a plus for me personally with regards to the investment case.

Rame Energy plans to become an independent power provider in Chile capitalising on wind and solar energy, and to this extent the Raki-Huajache Project which is at completion and commissioning stage will be a major milestone for the company. The power from this project will be sold to EKA Chile for a period of 10 years. Having previously worked alongside international mining companies such as Barrick on an energy project and with ambitious plans I'm personally happy to open a speculative position.

Having spoken to the company, I am hopeful that early New Year I can put some questions to the CEO Mr Tim Adams for a Q&A.

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