Dividends Early 2016 ?16 Jan 2015 14:53
By the end of 2017, Rame plans to build and operate a portfolio of 300MW of wind assets in Latin America. The company has built a portfolio of suitable land with the potential for 1.4GW of generation capacity. By the first quarter of 2016, Rame expects to have online capacity of 100MW, which will translate into assets worth $250 million.
Attractive dividend prospects
The development of long-life power infrastructure in a country where energy supply struggles to meet demand will reap "attractive" dividend prospects for retail investors, Adams told Interactive Investor. Initially, around 15% of the shares admitted to trading on Friday morning were owned by retail shareholders, though Adams explained that the company is not especially reliant on institutional or retail investors as a source of investment.
Rame's growth strategy includes blending direct power sales, power pool sales and energy trading to utilise different power sources, as well as planning to sell down 49% of pooled assets to "yield-hungry investors" the company said. It also has in its sights potential acquisitions of existing mining power projects.
Adams commented: "Rame offers exposure to a high-return/low-risk business model focused on developing, owning and operating power projects, initially in Chile. As evidenced by the high level of repeat business won over the last decade, our core competencies, primarily in the provision of bespoke power solutions to a blue-chip customer base, are proven.
"Having already accumulated a pipeline of data on wind power projects in Chile with a combined capacity of over 1.4GW, we now intend to build Rame into a leading, vertically integrated niche IPP, encompassing all stages of power generation from project design to energy sales, thereby securing as much of the value as possible for the company," he added.
Sign In
Follow the stocks
