Welcome to our dedicated page for ReVolve Renewable Power news (Ticker: REVVF), a resource for investors and traders seeking the latest updates and insights on ReVolve Renewable Power stock.
Revolve Renewable Power Corp. (REVVF) regularly issues news updates as a North American owner, operator and developer of renewable energy projects. Company announcements describe progress across utility‑scale wind, solar, hydro and battery storage developments in the US, Canada and Mexico, as well as distributed generation assets serving commercial and industrial customers.
Investors following REVVF news can read about milestones on major projects such as the 130 megawatt El 24 Wind Project and the 400 megawatt Presa Nueva Wind Project in Mexico, including regulatory permits, interconnection studies and development status. Revolve also reports on Canadian initiatives like the Bright Meadows Solar Project in Alberta, where it has disclosed receipt of Power Plant Approval from the Alberta Utilities Commission, and on additional solar project acquisitions in the province.
Revolve’s news flow also covers its distributed generation strategy in Mexico, including partnership agreements with engineering, procurement and construction firms to originate and build portfolios of sub‑20 megawatt projects. Updates often detail power purchase agreement plans, ownership structures and the role of these DG assets in providing recurring revenue under long‑term contracts.
In addition, the company publishes quarterly and annual financial results, highlighting recurring revenue from operating assets, progress on its development pipeline and transactions such as project sales. Revolve also announces participation in investor conferences and growth summits in Canada, where it presents its project portfolio and corporate strategy. This news page aggregates these disclosures so readers can track regulatory approvals, project development, financings and corporate events related to Revolve Renewable Power.
Revolve Renewable Power Corp. (REVVF) has signed a binding offer to acquire a 95% stake in a 9.6 MW operating wind energy project in the United States for US$10.5 million. The project, comprising six 1.6 MW wind turbines, generates revenue through a Power Purchase Agreement with a regional utility.
The acquisition is expected to generate approximately US$2.2 million in revenue and US$885,000 in EBITDA during the first year. RE Royalties has committed to provide a secured loan of up to US$8 million (80% of the purchase price) with a 24-month term at 12% interest, plus a 5% royalty on gross revenues.
This acquisition will expand Revolve's operational portfolio from 12.33 MW to 22 MW across North America. The project features lease agreements for 127 acres, has no existing debt or tax equity obligations, and benefits from production tax credits through 2031. The transaction is expected to close in Q2 2025.
Revolve Renewable Power Corp (TSXV:REVV)(OTCQB:REVVF) has signed a consulting agreement with Peterson Capital for investor relations services. Peterson, an Edmonton-based capital markets advisory firm, will assist Revolve with marketing strategies, corporate structure advice, financing guidance, and development of corporate materials.
The three-month agreement includes a $35,000 consulting fee, paid in equal monthly installments from working capital, pending TSX Venture Exchange approval. As part of the engagement, Revolve will participate in Peterson's Canada Growth Conference in Montreal in May 2025.
CEO Myke Clark emphasized that this partnership aims to enhance Revolve's capital markets presence and improve visibility as the company continues its growth as a renewable energy project owner and operator. Peterson, established in 2003, currently owns no securities in Revolve but may purchase them for investment purposes.
Revolve Renewable Power Corp (TSXV:REVV)(OTCQB:REVVF) reported strong Q2 FY2025 financial results, with recurring revenue from operating assets surging 375% to $621,927 compared to Q2 FY2024. Energy production reached 4,441,039kWh, up significantly from 397,759 kWh in the previous year.
The company achieved a gross profit of $488,605 with a 79% margin, though recorded a net loss of $908,959. Key developments include acquiring a 30MW solar project in Alberta, completing interconnection milestone for the 49.6MW Primus Wind Project, and securing a $4.5M facility with Export Development Canada.
Notable achievements include commissioning a 450kW Colima Solar Project in Mexico with a 15-year power purchase agreement, refinancing a $2.76M WindRiver acquisition loan, and selling a 3MW combined heat and power project for $1.5M.
Revolve Renewable Power (TSXV:REVV)(OTCQB:REVVF) has announced the sale of a 3MW combined heat and power (CHP) project for US$1.5 million. The CHP project was part of the US$1.4 million acquisition of Centrica Business Solutions Mexico in August 2022.
The company retains ownership of the remaining 2.85MW portfolio of operational distributed generation projects, which continue to generate revenue through long-term power purchase agreements with industrial customers. The sale proceeds will be reflected in Q3 FY2025 financial results.
According to CEO Myke Clark, the sale will strengthen Revolve's balance sheet, with capital being reinvested into higher-return opportunities. The company recently commissioned its 451-kilowatt Colima Solar Project in Mexico, further expanding its distributed generation portfolio.
Revolve Renewable Power (TSXV:REVV)(OTCQB:REVVF) has secured a new loan facility with Vancity Capital to refinance a CA$3,968,800 acquisition loan originally provided by RE Royalties. The new 9-year loan features a 9.25% fixed interest rate, replacing the previous 12% rate loan, and will be repaid through quarterly payments from Canadian operating assets' cash flow.
The refinancing relates to the Wind River Power acquisition, which included three operating projects totaling 23MW: Box Springs Wind (6MW, 51% ownership), Hunter Creek Hydro (11MW, 21% ownership), and Sakwi Hydro (6MW, 21% ownership). All projects have long-term power purchase agreements in place.
RE Royalties maintains a variable royalty of 0.5% to 1% on gross revenues from certain operational projects for the duration of their power purchase agreements.
Revolve Renewable Power (TSXV:REVV)(OTCQB:REVVF) has expanded its Account Performance Security Guarantee (APSG) facility with Export Development Canada (EDC) from US$2.9 million to US$4.5 million. The expanded facility, closed on January 21, 2025, supports a US$1.81 million interconnection financial security letter of credit for the company's 20MW/80MWh Vernal Battery Energy Storage System (BESS) project.
The APSG enhancement allows Revolve to issue letters of credit without cash collateral, improving access to working capital. This follows the company's April 2024 announcement of completing the interconnection process for the Vernal Battery Storage Project and signing an agreement with PacifiCorp. The project is targeting 'ready to build' status by late 2025.
Revolve Renewable Power has completed construction and commissioning of the 451kW Colima Solar Project in Mexico. The project, comprising 772 solar modules, will generate over 650,000kWh of renewable energy annually under a 15-year fixed-price power purchase agreement (PPA), offsetting approximately 325 tonnes of CO2 emissions.
The company now operates 12.78MW of solar, wind, and hydro projects across Canada and Mexico, including 4.9MW of distribution generation projects. Additionally, Revolve has signed a Letter of Intent for a new 250kW rooftop solar project in Mexico.
Revolve's Distribution Generation business model involves installing renewable power systems at customer premises and selling energy through long-term PPAs. The company is also advancing three major projects: the 20MW/80MWh Vernal BESS Project in Utah, the 49.5MW Primus Wind Project in Colorado, and a 30MW solar project in Alberta, all expected to reach 'ready to build' status by end of 2025.
Revolve Renewable Power has secured a US$2,900,000 Account Performance Security Guarantee (APSG) facility with Export Development Canada (EDC). The facility, closed on December 13, 2024, supports two key projects: US$2,546,502 for interconnection security on the Primus Wind Project and CA$175,000 for performance security on the Tamihi Creek Hydro Project.
The APSG enables Revolve to issue letters of credit without cash collateral, improving working capital access. The 49.6 MW Primus Wind Project has completed its interconnection process with Tri-State Generation and Transmission Inc., targeting 'ready to build' status by late 2025. The Tamihi Creek Hydro Project is a planned 15 MW run-of-river facility in Chilliwack, British Columbia.
Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) has announced two key equity compensation decisions. First, the company granted 300,957 Deferred Share Units (DSUs) to its directors, effective December 16, 2024. These DSUs, priced at C$0.31 per share, will vest after one year and are issued quarterly instead of cash director fees. Each DSU allows holders to receive one company share or equivalent cash payment upon leaving the board.
Second, the company granted 500,000 incentive stock options to CEO Michael Clark, following his November 2024 appointment. These options are exercisable at $0.50 per share, will vest after one year, and expire December 16, 2027. The options and resulting shares have a four-month resale restriction.
Revolve Renewable Power (TSXV:REVV)(OTCQB:REVVF) announced that shareholders approved all resolutions at its Annual and Special General Meeting (ASGM). The company elected eight directors to the board: Steve Dalton, Omar Bojorquez, Roger Norwich, Joseph O'Farrell, Susan Shaw, Jonathan Clare, JP Maguire, and Craig Lindsay. Following a previous announcement, Jonathan Clare resigned and Michael Clark was appointed as his replacement.
Shareholders also approved the appointment of Kreston GTA LLP as company auditors and re-approved the omnibus equity incentive plan.