Mr. Myke Clark reports
REVOLVE CLOSES ACQUISITION OF THREE-PROJECT, 125 MW US DEVELOPMENT-STAGE SOLAR PORTFOLIO
Revolve Renewable Power Corp. has completed the acquisition of three utility-scale solar development projects totalling approximately 125 megawatts of nameplate capacity across Illinois, New Mexico and Wisconsin, as previously announced on June 8, 2026. The portfolio includes three projects: Henry (Illinois, 30 megawatts DC), Columbus (New Mexico, 56 megawatts DC) and Endeavor (Wisconsin, 39 megawatts DC).
Under the terms of the acquisition, Revolve will pay the seller a development fee of two cents per watt upon notice to proceed with construction as well as a 10-per-cent deferred consideration tied to realized sale value or fair market value at notice to proceed for each individual project. There are no upfront or milestone payments due unless an individual project proceeds to construction.
Development of the projects will be financed through the company's existing resources and strategic financing facilities. Each project will be advanced through permitting, interconnection and financing milestones in accordance with Revolve's disciplined development framework. The company will provide further updates on the advancement of each project as material milestones are achieved.
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 (DG) assets. Revolve's portfolio includes the following:
- Operating assets: 13 megawatts (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 United States, Canada and Mexico with a combined capacity of over 3,000 negawatts as well as a greater-than-140-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 successfully 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.
We seek Safe Harbor.
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