Mr. Myke Clark reports

REVOLVE SIGNS AGREEMENT TO ACQUIRE 9.6 MW OPERATING WIND PROJECT IN THE US AND SECURES PROJECT-LEVEL DEBT FINANCING WITH EDC

Revolve Renewable Power Corp. has signed definitive agreements dated Sept. 9, 2026, to acquire 100 per cent of the equity interests in the 9.6-megawatt Horseshoe Bend wind project in Montana for total consideration of $10.48-million (U.S.).

The company expects to finance the acquisition through a combination of project-level debt financing provided by Export Development Canada and Vancity Capital Corp., together with proceeds from its previously announced bridge credit facility with Whitfield Power Solutions LLC.

Upon closing of the acquisition, Horseshoe Bend will become Revolve's first operating power generation project in the United States, and is expected to add contracted, cash-generating capacity to the company's existing operating fleet in Canada and Mexico. Horseshoe Bend is expected to add 9.6 MW to Revolve's operating base. The vendor is at arm's length to the company. No finders' fees, commissions or similar payments were paid in connection with the acquisition.

"This is a major milestone for Revolve as, upon closing of the acquisition, Horseshoe Bend will become our first operating project in the United States and will add to our portfolio of operating renewable energy assets," said Myke Clark, chief executive officer. "The project has an established operating history and is expected to bring immediate, contracted revenue from day one following closing. We're proud to have EDC and Vancity as financing partners on this transaction, and the acquisition provides meaningful momentum as we continue to execute on our growth strategy across North America."

"EDC is proud to support Revolve's acquisition of the Horseshoe Bend wind project as the company expands its renewable energy platform and grows its presence across North America," said Guillermo Freire, senior vice-president, mid-market group, EDC. "This financing reflects EDC's commitment to supporting the energy transition and helping Canadian companies seize opportunities beyond Canada's borders."

"We are pleased to continue our partnership with Revolve through the financing of Horseshoe Bend. This transaction builds on our previous work together and reflects our confidence in Revolve's ability to develop and operate high-quality renewable energy assets," said Kalen Stewart, managing director, Vancity Capital.

The Horseshoe Bend project sells electricity through a long-term power purchase agreement, and the current operations and maintenance provider will remain in place. Upon closing, Horseshoe Bend is expected to provide an established base of contracted revenue that complements the company's existing wind, solar, hydro and storage assets under long-term power purchase and services agreements across Canada and Mexico. The transaction reflects Revolve's continued strategy of acquiring derisked, revenue-generating assets alongside its greenfield development pipeline, and, upon closing, will establish the company's first operating presence in the U.S. power market.

Project finance facility

In connection with the acquisition, Revolve has entered into project-level loan agreements with EDC and Vancity providing for aggregate debt financing of $7.25-million (U.S.), consisting of a $3,625,000 (U.S.) term loan from each lender. Financing under the loans is expected to occur upon closing of the acquisition.

The loans have a term of 10 years, including an interest-only period for the first 12 months, and bear an all-in interest rate currently estimated at approximately 10 per cent, based on U.S.-dollar prime plus an applicable margin. There is no penalty for early repayment of the loans.

Revolve expects to finance the remaining consideration for the acquisition using cash on hand, including proceeds from its previously announced bridge credit facility with Whitfield.

About Revolve Renewable Power Corp.

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 United States, Canada and Mexico. Revolve also installs and operates sub-20-megawatt behind-the-meter distributed generation assets. Revolve's portfolio includes the following:

• Operating assets: 27 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 U.S., Canada and Mexico with a combined capacity of over 3,000 MW as well as a 140-plus-MW distributed generation portfolio that is under development.

Revolve has an accomplished management team with a demonstrated record of taking projects from greenfield through to ready to build status and concluding project sales to large operators of utility-scale renewable energy projects. To date, Revolve has developed and sold over 1,550 MW of projects.

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