Revolve Corporate Update Highlights Several Key Milestones
Revolve Renewable Power Corp. (REVVF) has announced several key milestones in Q3 2025, including the signing of a binding offer to acquire a 95% stake in a 9.6 MW operating wind project in the US for US$10.5 million. The company has also completed and commissioned the 451kW Colima Solar Project in Mexico.
Development work is advancing on two Mexican projects with 531 MW combined capacity, while progress continues on the 20 MW/80 MWh Vernal BESS Project in Utah and 49.5 MW Primus Wind Project in Colorado. The 15.7 MW Bright Meadows solar project in Alberta is moving toward AUC submission.
Notable corporate developments include: the sale of a 3 MW CHP project for US$1.5 million, expansion of EDC's APSG facility from US$2.9M to US$4.5M, and refinancing of a CA$3.97M acquisition loan with Vancity Capital The company currently operates 12 MW of solar, wind, and hydro projects in Canada and Mexico, with a 140 MW distributed generation pipeline.
Revolve Renewable Power Corp. (REVVF) ha annunciato diversi traguardi chiave nel terzo trimestre del 2025, tra cui la firma di un'offerta vincolante per acquisire una partecipazione del 95% in un progetto eolico operativo da 9,6 MW negli Stati Uniti per 10,5 milioni di dollari. L'azienda ha anche completato e messo in funzione il Progetto Solare Colima da 451 kW in Messico.
I lavori di sviluppo stanno avanzando su due progetti messicani con una capacità combinata di 531 MW, mentre continuano i progressi sul Progetto BESS Vernal da 20 MW/80 MWh nello Utah e sul Progetto Eolico Primus da 49,5 MW in Colorado. Il progetto solare Bright Meadows da 15,7 MW in Alberta si sta preparando per la presentazione all'AUC.
Sviluppi aziendali significativi includono: la vendita di un progetto CHP da 3 MW per 1,5 milioni di dollari, l'espansione della struttura APSG di EDC da 2,9 milioni di dollari a 4,5 milioni di dollari e il rifinanziamento di un prestito per acquisizione di 3,97 milioni di dollari canadesi con Vancity Capital. L'azienda attualmente gestisce 12 MW di progetti solari, eolici e idroelettrici in Canada e Messico, con un portafoglio di generazione distribuita di 140 MW.
Revolve Renewable Power Corp. (REVVF) ha anunciado varios hitos clave en el tercer trimestre de 2025, incluida la firma de una oferta vinculante para adquirir una participación del 95% en un proyecto eólico operativo de 9.6 MW en EE. UU. por 10.5 millones de dólares. La compañía también ha completado y puesto en marcha el Proyecto Solar Colima de 451 kW en México.
El trabajo de desarrollo avanza en dos proyectos mexicanos con una capacidad combinada de 531 MW, mientras que continúan los avances en el Proyecto BESS Vernal de 20 MW/80 MWh en Utah y en el Proyecto Eólico Primus de 49.5 MW en Colorado. El proyecto solar Bright Meadows de 15.7 MW en Alberta se dirige hacia la presentación ante la AUC.
Desarrollos corporativos notables incluyen: la venta de un proyecto CHP de 3 MW por 1.5 millones de dólares, la expansión de la instalación APSG de EDC de 2.9 millones a 4.5 millones de dólares, y el refinanciamiento de un préstamo de adquisición de 3.97 millones de dólares canadienses con Vancity Capital. La empresa opera actualmente 12 MW de proyectos solares, eólicos e hidroeléctricos en Canadá y México, con un pipeline de generación distribuida de 140 MW.
Revolve Renewable Power Corp. (REVVF)는 2025년 3분기에 여러 주요 이정표를 발표했습니다. 여기에는 미국에서 9.6 MW 운영 풍력 프로젝트의 95% 지분을 1,050만 달러에 인수하기 위한 구속력 있는 제안서 서명이 포함됩니다. 회사는 또한 멕시코에서 451kW의 콜리마 태양광 프로젝트를 완료하고 가동을 시작했습니다.
531 MW의 총 용량을 가진 두 개의 멕시코 프로젝트에 대한 개발 작업이 진행 중이며, 유타에서 20 MW/80 MWh의 벌널 BESS 프로젝트와 콜로라도에서 49.5 MW의 프리무스 풍력 프로젝트의 진전이 계속되고 있습니다. 앨버타의 15.7 MW 브라이트 메도우 태양광 프로젝트는 AUC 제출을 향해 나아가고 있습니다.
주목할 만한 기업 발전에는 150만 달러에 3 MW CHP 프로젝트 판매, EDC의 APSG 시설을 290만 달러에서 450만 달러로 확장, Vancity Capital과의 397만 캐나다 달러 인수 대출 재융자가 포함됩니다. 회사는 현재 캐나다와 멕시코에서 12 MW의 태양광, 풍력 및 수력 프로젝트를 운영하고 있으며, 140 MW의 분산 발전 파이프라인을 보유하고 있습니다.
Revolve Renewable Power Corp. (REVVF) a annoncé plusieurs jalons clés au troisième trimestre 2025, y compris la signature d'une offre contraignante pour acquérir une participation de 95 % dans un projet éolien opérationnel de 9,6 MW aux États-Unis pour 10,5 millions de dollars. L'entreprise a également achevé et mis en service le Projet Solaire Colima de 451 kW au Mexique.
Le travail de développement progresse sur deux projets mexicains avec une capacité combinée de 531 MW, tandis que les avancées se poursuivent sur le Projet BESS Vernal de 20 MW/80 MWh dans l'Utah et le Projet Éolien Primus de 49,5 MW au Colorado. Le projet solaire Bright Meadows de 15,7 MW en Alberta se dirige vers la soumission à l'AUC.
Les développements d'entreprise notables incluent : la vente d'un projet CHP de 3 MW pour 1,5 million de dollars, l'expansion de l'installation APSG d'EDC de 2,9 millions à 4,5 millions de dollars, et le refinancement d'un prêt d'acquisition de 3,97 millions de dollars canadiens avec Vancity Capital. L'entreprise exploite actuellement 12 MW de projets solaires, éoliens et hydroélectriques au Canada et au Mexique, avec un pipeline de 140 MW de production distribuée.
Revolve Renewable Power Corp. (REVVF) hat mehrere wichtige Meilensteine im dritten Quartal 2025 bekannt gegeben, darunter die Unterzeichnung eines verbindlichen Angebots zum Erwerb einer 95%igen Beteiligung an einem 9,6 MW großen Betriebswindprojekt in den USA für 10,5 Millionen US-Dollar. Das Unternehmen hat auch das 451 kW Colima Solarprojekt in Mexiko abgeschlossen und in Betrieb genommen.
Die Entwicklungsarbeiten an zwei mexikanischen Projekten mit einer Gesamtleistung von 531 MW schreiten voran, während die Fortschritte beim 20 MW/80 MWh Vernal BESS Projekt in Utah und dem 49,5 MW Primus Windprojekt in Colorado fortgesetzt werden. Das 15,7 MW Bright Meadows Solarprojekt in Alberta bewegt sich auf die Einreichung bei der AUC zu.
Bemerkenswerte Unternehmensentwicklungen umfassen: den Verkauf eines 3 MW CHP Projekts für 1,5 Millionen US-Dollar, die Erweiterung der APSG-Anlage von EDC von 2,9 Millionen auf 4,5 Millionen US-Dollar und die Refinanzierung eines CA$3,97 Millionen Übernahme-Darlehens mit Vancity Capital. Das Unternehmen betreibt derzeit 12 MW an Solar-, Wind- und Wasserkraftprojekten in Kanada und Mexiko, mit einer Pipeline von 140 MW für dezentrale Erzeugung.
- Binding offer signed for 9.6 MW US wind project acquisition for US$10.5M
- 451kW Colima Solar Project successfully commissioned and operating
- Sale of 3 MW CHP project for US$1.5M cash consideration
- APSG facility expanded from US$2.9M to US$4.5M with EDC
- 12 MW of operating renewable assets across Canada and Mexico
- 140 MW distributed generation pipeline under development
- Potential exposure to global tariff volatility affecting supply chain
- Several key projects still pending interconnection studies and approvals
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / April 9, 2025 / Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) ("Revolve" or the "Company"), a North American owner, operator and developer of renewable energy projects, is pleased to provide an update on key corporate and project milestones during the Company's fiscal Q3, 2025.
"Revolve has made strong progress during the first three months of 2025 as we signed a binding offer for a 9.6 MW operating wind project, accelerated utility-scale project development work across North America and advanced several key corporate initiatives that provide a solid foundation for continued growth," said CEO Myke Clark. "We continue to see an increasing demand for distributed generation projects across our key target markets and we have advanced large projects in Canada, the US and Mexico. The first three months of 2025 have contributed to the growth of our stable recurring revenue based while simultaneously advancing our utility-scale projects."
Wind Project Acquisition
As announced on April 1, 2025, and signed on March 28, 2025, the Company has signed a binding offer (the "Binding Offer") for the proposed acquisition of a 9.6 megawatt ("MW") operating wind energy project in the United States (the "Project"). Subject to certain conditions, the Binding Offer provides for the acquisition of a
95% interest in the Project for total consideration of US$10.5 million on a cash and debt free basis (the "Proposed Acquisition"). The Project would be Revolve's first operating renewable energy project in the U.S. The Proposed Acquisition is a significant milestone for Revolve and once completed will add another recurring revenue stream to the Company's growing portfolio of assets. This long-life asset has the potential to deliver double digit project returns based on increasing electricity prices and inflation factors.
Utility Scale Projects in Canada, the US and Mexico
Development work on the Company's two most advanced projects in Mexico, which have a combined projected capacity of 531 MW, is accelerating following new electricity generation regulations that have been implemented in Mexico. Wind assessment campaigns and detailed energy yield assessments have been completed and the Company is in the process of optimizing the project designs based on new turbine models. The two projects - El 24 and Presa Nueva - are part of Revolve's "Develop and Sell" portfolio of large projects.
The Company continues to make positive progress on the 20 MW/80 MWh Vernal Battery Energy Storage System ("BESS") Project in Utah and the 49.5 MW Primus Wind Project in Colorado. Both projects have signed interconnection agreements and are considered near-term projects the Company intends to own and operate under the Company's "Develop and Hold" strategic pillar. The Company continues to assess commercial offtake solutions for both of these projects ahead of an anticipated ready to build target date in early 2026.
The Company continued community engagement, interconnection and permitting work on Bright Meadows, the Company's 15.7 MW solar project in Alberta. Development work is being completed in anticipation of a submission the into the Alberta Utilities Commission process in the coming months. The target ready to build ("RTB") date for this project continues to be in late 2025.
Distributed Generation Project Pipeline
On January 14, 2025, Revolve announced the completion of the construction and the commissioning at the 451-kilowatt ("kW") Colima Solar Project located in Mexico (the "Colima Project"). The Colima Project is now operating and generating clean, renewable energy for a commercial local customer. Revolve now has 12 MW of operating solar, wind and hydro projects in Canada and Mexico. The project is part of Revolve's Distributed Generation portfolio of operating assets.
The Company has an additional 140 MW of projects in its Distributed Generation opportunities pipeline and is working diligently to convert those opportunities into Letters of Intent and, ultimately, projects Revolve owns and operates. The Company is also assessing new markets outside of Mexico for its Distributed Generation business as it sees significant additional opportunity in the sector.
Corporate Update and Outlook
Revolve executed the sale of a 3 MW combined heat and power (the "CHP Project") project from its distributed generation portfolio for total cash consideration of US
$1.5 million , as announced on February 18, 2025. The Company decided to take advantage of an offer from an industrial customer to acquire the CHP Project and to redeploy the capital from the sale into other near-term development opportunities.Revolve built on its relationship with Export Development Canada ("EDC"), signing an expansion of the Company's Account Performance Security Guarantee ("APSG") facility with EDC. The expanded APSG with EDC increased from US
$2,900,000 t o US$4,500,000. T he APSG allows Revolve to issue letters of credit with the Company's financial institution without putting up cash collateral, providing the Company with better access to cash and working capital.On January 30, 2025, Revolve announced a long-term loan facility with Vancity Capital Corporation ("Vancity") to refinance a CA
$3,968,800 acquisition loan originally provided by RE Royalties Ltd. ("RE Royalties") to acquire the assets of Wind River Power Corporation. The RE Royalties loan, entered into on February 13, 2024, with a term of three years, has been repaid more than two years early without prepayment penalties. This efficient use of debt also creates a streamlined process for future acquisitions.Revolve continues to closely monitor the ongoing global tariff situation. As the owner of operating assets that are not subject to tariffs, the Company believes it is in a strong position to weather the current volatility. The Company is assessing domestic supply opportunities in Canada, the US and Mexico in an effort to mitigate the impact of tariffs on the renewable energy supply chain, if they occur. Revolve has a diversified portfolio of operating and development stage projects that provide geographic diversification, further mitigating any potential impacts to the supply chain.
Revolve is advancing several key initiatives throughout 2025, including:
Filing of the Alberta Utilities Commission application for the Bright Meadows Solar Project in Alberta.
Receipt of a further interconnection study on El 24 and Presa Nueva in Mexico, and completion of the next phase of the interconnection process.
Completion of initial interconnection study for 100 MW solar project in Saskatchewan.
Complete assessment of new Distributed Generation markets and launch expansion.
Advance power purchase/offtake discussions for the 20 MW/80 MWh Vernal BESS Project in Utah and the 49.5 MW Primus Wind Project in Colorado.
"The Revolve team hit several key milestones during the first three months of 2025 as we continue to execute on our focused business plan. While this is clearly a time of heightened volatility, we also believe there is opportunity to expand our portfolio through the opportunistic acquisition of attractively priced below-the-radar assets. The long-term economics of renewable energy, combined with Revolve's targeted and disciplined approach, provide the basis for strong remainder of 2025 and beyond," concluded Clark.
For further information contact:
Myke Clark, CEO
IR@revolve-renewablepower.com
778-372-8499
About Revolve
Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the US, Canada and Mexico. Revolve also installs and operates sub 20MW "behind the meter" distributed generation (or "DG") assets. Revolve's portfolio includes the following:
Operating Assets: 12 MW (net) of operating assets under long term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;
Development: a diverse portfolio of utility scale development projects across the US, Canada and Mexico with a combined capacity of over 3,000MWs as well as a 140MW+ distributed generation portfolio that is under development.
Revolve has an accomplished management team with a demonstrated track record of taking projects from "greenfield" through to "ready to build" status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To-date, Revolve has developed and sold over 1,550MW of projects.
Going forward, Revolve is targeting 5,000MW of utility-scale projects under development in the US, Canada and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG assets.
Forward Looking Information
The forward-looking statements contained in this news release constitute ‘‘forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ‘‘forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ‘‘forward-looking statements"). The words "will", "expects", "estimates", "projections", "forecast", "intends", "anticipates", "believes", "targets" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward looking statements in this press release include statements with respect to the Company's business objectives and project development goals. This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions considering our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Material factors underlying forward-looking information and management's expectations include: the receipt of applicable regulatory approvals; the absence of material adverse regulatory decisions being received and the expectation of regulatory stability; the absence of any material equipment breakdown or failure; availability of financing on commercially reasonable terms and the stability of credit ratings of the Company and its subsidiaries; the absence of unexpected material liabilities or uninsured losses; the continued availability of commodity supplies and stability of commodity prices; the absence of interest rate increases or significant currency exchange rate fluctuations; the absence of significant operational, financial or supply chain disruptions or liability, including relating to import controls and tariffs; the continued ability to maintain systems and facilities to ensure their continued performance; the absence of a severe and prolonged downturn in general economic, credit, social or market conditions; the successful and timely development and construction of new projects; the absence of capital project or financing cost overruns; sufficient liquidity and capital resources; the continuation of long term weather patterns and trends; the absence of significant counterparty defaults; the continued competitiveness of electricity pricing when compared with alternative sources of energy; the realization of the anticipated benefits of the Company's acquisitions and joint ventures; the absence of a change in applicable laws, political conditions, public policies and directions by governments, materially negatively affecting the Company; the ability to obtain and maintain licenses and permits; maintenance of adequate insurance coverage; the absence of material fluctuations in market energy prices; the absence of material disputes with taxation authorities or changes to applicable tax laws; continued maintenance of information technology infrastructure and the absence of a material breach of cybersecurity; the successful implementation of new information technology systems and infrastructure; favourable relations with external stakeholders; our ability to retain key personnel; our ability to maintain and expand distribution capabilities; and our ability to continue investing in infrastructure to support our growth.
Such uncertainties and risks may include, among others, market conditions, delays in obtaining or failure to obtain required regulatory approvals in a timely fashion, or at all; the availability of financing, fluctuating prices, the possibility of project cost overruns, mechanical failure, unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, adverse weather conditions, and unanticipated costs and expenses, variations in the cost of energy or materials or supplies or environmental impacts on operations, disruptions to the Company's supply chains; changes to regulatory environment, including interpretation of production tax credits; armed hostilities and geopolitical conflicts; risks related to the development and potential development of the Company's projects; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; the availability of tax incentives in connection with the development of renewable energy projects and the sale of electrical energy; as well as those factors discussed in the sections relating to risk factors discussed in the Company's continuous disclosure filings on SEDAR+ at sedarplus.ca. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned that given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required by law.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company does not undertake to update this information at any time except as required in accordance with applicable laws.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
SOURCE: Revolve Renewable Power Corp.
View the original press release on ACCESS Newswire
FAQ
What is the value and size of REVVF's new wind project acquisition in the US?
How many megawatts of operating renewable energy projects does REVVF currently have?
What is the size of REVVF's distributed generation pipeline in 2025?
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