Revolve Renewable Power Corp to Acquire 9.6 MW Wind Project in the U.S.

ReVolve Renewable Power Corp ( (TSE:REVV) ) has shared an announcement.

Revolve Renewable Power Corp has signed a binding offer to acquire a 9.6 MW operating wind energy project in the United States for US$10.5 million. This acquisition, expected to be completed in Q2 2025, marks Revolve’s first operational renewable energy asset in the U.S., enhancing its portfolio to a total of 22 MW. The project is anticipated to generate US$2.2 million in revenue and US$885,000 in EBITDA in its first year. The acquisition is supported by a secured loan from RE Royalties Ltd, covering 80% of the upfront cost. This strategic move aligns with Revolve’s growth plan, aiming to expand its recurring revenue streams and strengthen its market position in North America.

More about ReVolve Renewable Power Corp

Revolve Renewable Power Corp, established in 2012, is a North American company focused on the development and operation of renewable energy projects, including wind, solar, hydro, and battery storage, in the US, Canada, and Mexico. The company also engages in the installation and operation of sub 20MW distributed generation assets.

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Technical Sentiment Signal: Buy

Current Market Cap: C$11.95M

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