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Interim results to June end.

Interim results to June end.

My first Latin America renewable energy tip was Spanish wind turbine maker Gamesa. Since I tipped it back in March 2013 the stock has rocketed by more than 350% – so if you bought in then, congratulations.I wouldn’t buy into Gamesa now, though.Instead, today I’d like to highlight another stock. Rame Energy (LSE: RAME) is an Aim-listed solar and wind farm developer active in Chile. It has a host of sites with potential in the northern and southern extremes of the country, while it also competes for maintenance and installation contracts for wind farms that are owned by large miners in the country.For example, it recently won a contract to supply a monitoring station to Barrick Gold’s 20MW Punta Colorada wind farm. Buying into to small Aim minnows can always feel a bit more risky than going for a household name on the FTSE100, but nevertheless, I feel Rame is on the right side of a trend that is only going to grow.

My first Latin America renewable energy tip was Spanish wind turbine maker Gamesa. Since I tipped it back in March 2013 the stock has rocketed by more than 350% – so if you bought in then, congratulations.I wouldn’t buy into Gamesa now, though.Instead, today I’d like to highlight another stock. Rame Energy (LSE: RAME) is an Aim-listed solar and wind farm developer active in Chile. It has a host of sites with potential in the northern and southern extremes of the country, while it also competes for maintenance and installation contracts for wind farms that are owned by large miners in the country.For example, it recently won a contract to supply a monitoring station to Barrick Gold’s 20MW Punta Colorada wind farm. Buying into to small Aim minnows can always feel a bit more risky than going for a household name on the FTSE100, but nevertheless, I feel Rame is on the right side of a trend that is only going to grow.

Construction work is progressing well at Rame’s most advanced on-grid wind energy project. The Raki wind farm (Chile) has a 15MW capacity in which Rame Energy PLC (LON: RAME) has a 20% equity interest.Ground preparation work for the access roads and foundation areas has been completed and construction of the foundations is underway.Engineers are now focusing on the drilling of the gravel piles that will support the concrete gravity foundations. Works to upgrade the export line along the route to the existing substation are also making good headway. New overhead line posts and cabling are being installed alongside replacements to transformers and other elements of the electrical infrastructure.The blades for the five turbines arrived in the Chilean port of Puerto Coronel last week, with further components scheduled to arrive shortly.This is an important milestone in completing the construction of this project and the erection of the wind turbines before the end of 2014.

Extracting natural gas through hydraulic fracturing - or fracking - enjoys widespread support, according to a trade body representing the UK oil and gas industry.A survey carried out by the research group Populus for UK Onshore Oil and Gas (UKOOG) found 57% were in favour.The poll of 4,000 people found that 16% were opposed, and 27% where undecided about the controversial process.But Greenpeace said the survey was flawed because it was not independent.The survey found that nearly three fifths (59%) of people would be willing to see natural gas from shale production go ahead as long as it forms part of a mix that includes renewable energy sources, with only 12% disagreeing.Ken Cronin, chief executive of UKOOG, said: "More than four out of five of us heat our homes with gas, and Britain's shale resource gives us the opportunity to become less dependent on foreign energy supplies, create tens of thousands of jobs and support our manufacturing industries."Shale gas and renewables are complementary, and our survey confirms that the public would like to see a balanced mix that includes both sources of energy," Mr Cronin said. 'Smoke and mirrors' But a Greenpeace spokesman said: "Surely it's no coincidence that the only survey out there showing this level of public support for fracking has been commissioned by the industry lobby. All independent polls show less than half of Britain backs shale drilling."This is just more smoke and mirrors to hide the obvious fact that fracking remains a highly controversial industry, far less popular than clean and safe alternatives like wind and solar."Earlier this year, a similar-sized poll carried out by the University of Nottingham found that just under half of those questioned supported fracking, while 31% were opposed. BBC News article 11th August 2014.

Rame Energy plc, the international energy consultant, engineer and power generator, is pleased to announce that it has received an unsecured loan of £300,000 (the "Loan") from existing shareholder Amati Global Investors Limited, acting as manager on behalf of Amati VCT plc and Amati VCT2 plc (the "Amati VCTs").  The Loan follows the successful placing of £750,000 announced on 28 August 2014 and completes the funding package that will be used to expedite the development of the Company's next four wind projects totalling up to 118 MW under the terms of the framework agreement with Santander Investment Chile Limitada ("Santander") announced on 16 June 2014. Details of the Loan The Loan is for a principal amount of £300,000 ("Par") for a term of five years during which it will be redeemable by the Company at any time.  For the first 12 months the interest rate on the Loan is 8% p.a., payable quarterly in arrears and after 12 months the interest rate shall rise to 25% p.a., payable quarterly in arrears.  If the Loan is redeemed within six months of issue, the Company shall pay 104% of Par; if the Loan is redeemed between 6 and 12 months from issue the Company shall redeem the Loan by payment of 106% of Par and if the Loan is redeemed after 12 months from issue the Company shall redeem the Loan by payment of 200% of Par, together with any accrued interest. In addition, the Company has issued the Amati VCTs with warrants exercisable for a period of three years to subscribe for a total of 1,666,667 shares at 18p per share. Jan J. Gawel, CFO, commented, "We are very pleased to have concluded the financing to accelerate the due diligence required under the terms of the Santander framework agreement to develop a further 118MW of wind assets with assistance from Amati, an existing and supportive shareholder.  This loan is intended as a short term bridge to allow Rame to bring forward the point at which Santander buys-in to the project while giving us the financial flexibility to advance other opportunities such as our off-grid wind development at the Cerro Bayo mine. We look forward to updating the market in due course as we continue to progress our portfolio of Chilean wind projects."          

So far, progress in this area has been relatively slow.Energy-hungry industry has a long history in ChileThe state refuses to subsidise the renewables sector, meaning that wind, solar and geo-thermal generators have to compete on a level playing field with cheap coal-fired power stations.Furthermore, Chile has yet to endorse either net metering or feed-in tariffs, mechanisms designed to promote investment in renewable energy.But, despite that, there are signs that the sector is taking off.In the first seven months of this year, Chile added 600 megawatts of renewable capacity to its grid, more than twice as much as in the whole of 2013.Since coming to power in March, the Bachelet government has granted 76 concessions for renewable energy projects in northern Chile, earmarking over 21,000 hectares of state-owned land for solar and wind development.Many of those projects are designed specifically to serve the mining industry, the lifeblood of the Chilean economy.Mining firms have seen their costs rise sharply in recent years and are desperate for cheap fuel.It will be a while yet before Chile's copper mines break their dependency on fossil fuels.Copper mining is key to the Chilean economyRenewable energy has a long way to go before it can meet the industry's voracious energy demands.But wind farms like El Arrayan are a first step.If more are built, Chile's copper mines and indeed the entire country, could potentially be far cleaner and greener in the future than they are now.

The potential is enormous. The Atacama Desert in the north of the country is one of the driest, sunniest places on earth - perfect for solar energy.With virtually no rain, the Atacama is ideal for solar energyChile is also one of the most volcanic countries in the world, making geo-thermal power a viable option.It has one of the longest coastlines in the world, with great potential for wave and tidal power.And, finally, there are some areas of the country that are ideal for wind farms like El Arrayan.El Arrayan's coastal location is ideal"Chile needs more generating capacity to bring down fuel prices," Energy Minister Maximo Pacheco said as the wind turbines of El Arrayan whirred into life."Chile needs more clean energy and Chile needs more investment. There are enormous investment opportunities in this sector."The government has vowed that between now and 2025, 45% of new capacity on the Chilean grid will come from non-conventional sources like wind and solar.If successive governments stick to that ambitious target, they should ensure that by 2025, 20% of the nation's electricity comes from such sources.At the moment, the figure is about 8%.

Running on empty Energy is a key issue in Chile.Unlike almost every other major country in Latin America, the Andean nation produces virtually no oil and gas of its own.It relies on hydro-electricity for a little over a third of its energy but imports most of the rest as fossil fuels.Chile gets just over a third of its energy from hydro-electricityIn theory, Chile could buy natural gas from Bolivia, but the Bolivians refuse to sell it to Chile owing to a border dispute that dates back to the 19th Century.For a while, the Chileans imported gas from Argentina through pipelines running through the Andes until the Argentines turned off the taps to feed their own domestic supply.Chile considered nuclear power but the 2011 Fukushima disaster in Japan put paid to that idea.Chile is every bit as prone to earthquakes and tsunamis as Japan.Faced with these setbacks, the Chileans have turned to liquid natural gas (LNG) as an alternative to coal, building two terminals on their coast that allow them to import gas by sea from around the world.But LNG is relatively expensive and so, increasingly, Chile is now trying to develop its non-conventional renewable energy sector.

27th August 2014. Part 1 Chile has inaugurated its biggest ever wind farm as part of its bid to wean itself off fossil fuels and tap its massive potential for renewable energy.The El Arrayan farm is located on a coastal hillside 400km (250 miles) north of the capital Santiago.Built at a cost of $300m (£180m), it consists of 50 giant turbines with an installed capacity of 115 megawatts.But despite its size, it represents less than 1% of Chile's total electricity generating capacity.The wind farm is small by the standards of Europe and the US but is one of the biggest in South America, which is only now starting to develop "green energy" in earnest.President Michelle Bachelet said she hoped the wind farm would act as a stimulus for green energySome 70% of the energy the farm generates will be used to power a large copper mine, Los Pelambres, in the Chilean Andes. The rest will be sold on the open market.Jointly owned by US company Pattern Energy and Chilean mining giant Antofagasta Minerals, El Arrayan will provide Los Pelambres with 20% of its energy needs."This farm is a great example of collaboration between our mining industry and a clean-energy company," Chilean President Michelle Bachelet said as she inaugurated the farm on Tuesday."I hope this project acts as a powerful stimulus for other companies in the mining sector to start opting for this kind of energy."

from Stock Tube dated the 10th of July where CEO Tim Adams talks of a substantial rebound in financial fortunes this year.

from Stock Tube dated the 10th of July where CEO Tim Adams talks of substantial rebound in financial fortunes this year.

Interview with Tim Adams CEO of Rame Energy on commodity tv recorded in May this year.Talks of first dividend in early 2016.

Interview with Tim Adams CEO of Rame Energy on commodity tv recorded in May this year. Talks of first dividend in early 2016.

No problem.

Rame Energy PLC Given Corporate Rating at Northland Securities (RAME) August 28th, 2014 - 0 comments - Filed Under- by Justin GarsonNorthland Securities restated their corporate rating on shares ofRame Energy PLC (LON:RAME) in a report released on Thursday.A number of other firms have also recently commented on RAME. Analysts at Nomura initiated coverage on shares of RameEnergy PLC in a research note on Wednesday, June 18th. They set a buy rating and a GBX 31 ($0.51) price target on the stock. Analysts at Northland Capital Partners initiated coverage on shares of Rame Energy PLC in a research note on Wednesday, June 18th. They set a buy rating and a GBX 31 ($0.51) price target on the stock.Shares of Rame Energy PLC (LON:RAME) opened at 16.25 on Thursday. Rame Energy PLC has a 1-year low of GBX 14.00 and a 1-year high of GBX 20.00. The stock’s 50-day moving average is GBX 16.66 and its 200-day moving average is GBX 16.51.Rame Energy PLC (LON:RAME) is aninternational energy consultant, engineer and power project developer with a number of energy sources such as wind, diesel and solar.

Rame Energy PLC CEO Tim Adams Q&A after the financing Rame Energy PLC (LON:RAME)  CEO Tim Adams Q&A after the financing exclusively from DirectorsTalk: How significant is the price per share for this latest round of financing?Rame’s last 30 day average is 16.4p per share, so in that context, the placing at 15.5p represents a nominal discount and one that is worth bearing for its near term earning potential. What will be finance be used for?The finance will speed up the due diligence required under the Santander Framework agreement. Specifically, in addition to specific back end electrical studies, it will be used to take the final measurements at the proposed turbine hub heights of 100m across four sites in Chile. Bringing the four sites on stream together obviously gives economies of scale and potential for better near term returns. In addition, this new data will enable us to analyse energy outputs using new high efficiency turbines which have the potential to significantly increase energy yield. Fewer turbines means a reduction in costs and therefore improves the capex per MWh. Rame has a long standing commitment to delivering fully optimised power plants and this latest round of financing will help us to achieve this.

Rame Energy PLC CEO Tim Adams Q&A after the financing Rame Energy PLC (LON:RAME)  CEO Tim Adams Q&A after the financing exclusively from DirectorsTalk : How significant is the price per share for this latest round of financing?Rame’s last 30 day average is 16.4p per share, so in that context, the placing at 15.5p represents a nominal discount and one that is worth bearing for its near term earning potential. What will be finance be used for?The finance will speed up the due diligence required under the Santander Framework agreement. Specifically, in addition to specific back end electrical studies, it will be used to take the final measurements at the proposed turbine hub heights of 100m across four sites in Chile. Bringing the four sites on stream together obviously gives economies of scale and potential for better near term returns. In addition, this new data will enable us to analyse energy outputs using new high efficiency turbines which have the potential to significantly increase energy yield. Fewer turbines means a reduction in costs and therefore improves the capex per MWh. Rame has a long standing commitment to delivering fully optimised power plants and this latest round of financing will help us to achieve this.

Rame Energy PLC Given Corporate Rating at Northland Securities (RAME) August 28th, 2014 - 0 comments - Filed Under- by Justin GarsonNorthland Securities restated their corporate rating on shares ofRame Energy PLC (LON:RAME) in a report released on Thursday.A number of other firms have also recently commented on RAME. Analysts at Nomura initiated coverage on shares of RameEnergy PLC in a research note on Wednesday, June 18th. They set a buy rating and a GBX 31 ($0.51) price target on the stock. Analysts at Northland Capital Partners initiated coverage on shares of Rame Energy PLC in a research note on Wednesday, June 18th. They set a buy rating and a GBX 31 ($0.51) price target on the stock.Shares of Rame Energy PLC (LON:RAME) opened at 16.25 on Thursday. Rame Energy PLC has a 1-year low of GBX 14.00 and a 1-year high of GBX 20.00. The stock’s 50-day moving average is GBX 16.66 and its 200-day moving average is GBX 16.51.Rame Energy PLC (LON:RAME) is aninternational energy consultant, engineer and power project developer with a number of energy sources such as wind, diesel and solar.