Kevin McNair, finance chief of (), 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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