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Rame Energy CFO says Chile strategy working after first wind project sale

Kevin McNair, finance chief of Rame Energy (LON:RAME), says the successful sale of its part owned Raki and Huajache Wind Projects, in Chile, proves the company’s business model is working.

The company expects to receive US$4.4mln for its 20% stake in the assets.

It marks the first successful project exit for Rame, which developed the projects from ‘greenfield’ through construction and commissioning.

Rame has a pipeline of more than 30 projects in the country, although another wind project sale isn’t expected this year.

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