Northland Capital partners view on Rame Energy PLC: The acquisition of Beco in 2014 provided Rame with a solar capability that is being used to complement its existing wind power activities in Chile. Beco also is a long established solar installer in the UK and hence deploying PV projects in the UK is a logical addition to the business. The projects qualify for feed-in tariff support and are aligned with the Government’s strategy for the further deployment of PV in the UK.
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UK solar subsidiary formed |
| n Rame Energy has launch a UK solar generating subsidiary that will initially own and operate up to four UK rooftop photovoltaic projects with a total potential capacity of 120kW.
n The first two Projects will projects under a 20 year PPA that has been entered into with an agricultural business for dairy related processes and one of Europe’s largest indoor motorcross arenas. The Projects qualify for feed-in tariff support under the Government’s ROO FIT scheme. Construction of the first project has now commenced and the first three projects are expected to be operational by October 2015. The projects will cost c. £180k to construct, in aggregate. n Rame has a substantial pipeline of rooftop and ground mounted PV projects and once the current projects are completed, management will roll out subsequent SPVs to finance, build and operate further PV assets in the UK. n Beco, Rame’s subsidiary, will install the PV systems and hence Rame will retain the traditional solar installer’s margin. |
