Ms. Tania Ontiveros reports
REVOLVE ANNOUNCES CHANGE OF AUDITOR
Revolve Renewable Power Corp. has changed its auditor from Davidson & Company LLP to Kreston GTA LLP. The change of auditor occurred at the request of the company.
The company's board of directors and the audit committee each approved the resignation of the former auditor and the appointment of the successor auditor in place of the former auditor; there are no reservations, modified opinions or reportable events (as defined in National Instrument 51-102) in connection with each of the former auditor's audit of the company, which occurred prior to the resignation as auditor of the company; and a notice of change of auditor was approved by the company's board of directors.
In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from former auditor and the successor auditor, has been reviewed by the audit committee and the board of directors, and has been filed on SEDAR+.
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 and battery storage projects in the United States, Canada and Mexico. The company has a second division, Revolve Renewable Business Solutions, which installs and operates sub-20-megawatt behind-the-meter distributed generation (or DG) assets. Revolve's portfolio includes the following:
- Operating assets: 11 megawatts (net) of operating assets under long-term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;
- Under construction: a three-megawatt CHP project and a 450-kilowatt-peak rooftop solar project that are both under construction and expected to be operational later this year;
- Development: a diverse portfolio of utility-scale development projects across the United States, Canada and Mexico with a combined capacity of over 3,000 megawatts, as well as a 140-plus-megawatt 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 megawatts of projects.
Going forward, Revolve is targeting 5,000 megawatts of utility-scale projects under development in the United States, Canada and Mexico, and in parallel, is rapidly expanding its portfolio of revenue-generating DG assets.
We seek Safe Harbor.
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