The planned costly 300 MW pump hydro plant would constitute a large electricity storage system using the natural advantage of the site - steep coastal cliffs where seawater can be pumped up during the day using abundant and cheap solar power, and stored in natural surface concavities, to release energy at night. The company developed wind power projects for Mandalay Resources in Chile and Barrick Gold in both Chile and Argentina. However, in 2016, Rame Energy went into administration with outstanding debt of GBP 4.4 million.