ReVolve Renewable Power - REVVF STOCK NEWS

Revolve Renewable Power (TSXV:REVV)(OTCQB:REVVF) has announced the sale of a 3MW combined heat and power (CHP) project for US$1.5 million. The CHP project was part of the US$1.4 million acquisition of Centrica Business Solutions Mexico in August 2022.

The company retains ownership of the remaining 2.85MW portfolio of operational distributed generation projects, which continue to generate revenue through long-term power purchase agreements with industrial customers. The sale proceeds will be reflected in Q3 FY2025 financial results.

According to CEO Myke Clark, the sale will strengthen Revolve's balance sheet, with capital being reinvested into higher-return opportunities. The company recently commissioned its 451-kilowatt Colima Solar Project in Mexico, further expanding its distributed generation portfolio.

Revolve Renewable Power (TSXV:REVV)(OTCQB:REVVF) has secured a new loan facility with Vancity Capital to refinance a CA$3,968,800 acquisition loan originally provided by RE Royalties. The new 9-year loan features a 9.25% fixed interest rate, replacing the previous 12% rate loan, and will be repaid through quarterly payments from Canadian operating assets' cash flow.

The refinancing relates to the Wind River Power acquisition, which included three operating projects totaling 23MW: Box Springs Wind (6MW, 51% ownership), Hunter Creek Hydro (11MW, 21% ownership), and Sakwi Hydro (6MW, 21% ownership). All projects have long-term power purchase agreements in place.

RE Royalties maintains a variable royalty of 0.5% to 1% on gross revenues from certain operational projects for the duration of their power purchase agreements.

Revolve Renewable Power (TSXV:REVV)(OTCQB:REVVF) has expanded its Account Performance Security Guarantee (APSG) facility with Export Development Canada (EDC) from US$2.9 million to US$4.5 million. The expanded facility, closed on January 21, 2025, supports a US$1.81 million interconnection financial security letter of credit for the company's 20MW/80MWh Vernal Battery Energy Storage System (BESS) project.

The APSG enhancement allows Revolve to issue letters of credit without cash collateral, improving access to working capital. This follows the company's April 2024 announcement of completing the interconnection process for the Vernal Battery Storage Project and signing an agreement with PacifiCorp. The project is targeting 'ready to build' status by late 2025.

Revolve Renewable Power has completed construction and commissioning of the 451kW Colima Solar Project in Mexico. The project, comprising 772 solar modules, will generate over 650,000kWh of renewable energy annually under a 15-year fixed-price power purchase agreement (PPA), offsetting approximately 325 tonnes of CO2 emissions.

The company now operates 12.78MW of solar, wind, and hydro projects across Canada and Mexico, including 4.9MW of distribution generation projects. Additionally, Revolve has signed a Letter of Intent for a new 250kW rooftop solar project in Mexico.

Revolve's Distribution Generation business model involves installing renewable power systems at customer premises and selling energy through long-term PPAs. The company is also advancing three major projects: the 20MW/80MWh Vernal BESS Project in Utah, the 49.5MW Primus Wind Project in Colorado, and a 30MW solar project in Alberta, all expected to reach 'ready to build' status by end of 2025.

Revolve Renewable Power has secured a US$2,900,000 Account Performance Security Guarantee (APSG) facility with Export Development Canada (EDC). The facility, closed on December 13, 2024, supports two key projects: US$2,546,502 for interconnection security on the Primus Wind Project and CA$175,000 for performance security on the Tamihi Creek Hydro Project.

The APSG enables Revolve to issue letters of credit without cash collateral, improving working capital access. The 49.6 MW Primus Wind Project has completed its interconnection process with Tri-State Generation and Transmission Inc., targeting 'ready to build' status by late 2025. The Tamihi Creek Hydro Project is a planned 15 MW run-of-river facility in Chilliwack, British Columbia.

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) has announced two key equity compensation decisions. First, the company granted 300,957 Deferred Share Units (DSUs) to its directors, effective December 16, 2024. These DSUs, priced at C$0.31 per share, will vest after one year and are issued quarterly instead of cash director fees. Each DSU allows holders to receive one company share or equivalent cash payment upon leaving the board.

Second, the company granted 500,000 incentive stock options to CEO Michael Clark, following his November 2024 appointment. These options are exercisable at $0.50 per share, will vest after one year, and expire December 16, 2027. The options and resulting shares have a four-month resale restriction.

Revolve Renewable Power (TSXV:REVV)(OTCQB:REVVF) announced that shareholders approved all resolutions at its Annual and Special General Meeting (ASGM). The company elected eight directors to the board: Steve Dalton, Omar Bojorquez, Roger Norwich, Joseph O'Farrell, Susan Shaw, Jonathan Clare, JP Maguire, and Craig Lindsay. Following a previous announcement, Jonathan Clare resigned and Michael Clark was appointed as his replacement.

Shareholders also approved the appointment of Kreston GTA LLP as company auditors and re-approved the omnibus equity incentive plan.

Revolve Renewable Power has achieved a significant milestone by completing the interconnection process and signing an agreement with Tri-State Generation and Transmission for its 49.6MW Primus Wind Project in Colorado. The project is expected to be 'ready to build' by late 2025. Located in Kit Carson County, the wind project will consist of 11-13 turbines with an estimated annual energy output of 165-185GWh. The company has completed basic engineering works and secured a US$636,000 surety bond. Once operational, the project is forecasted to generate annual revenue of US$6-7m and EBITDA of US$4-5m.

Revolve Renewable Power reported significant growth in Q1 FY2025, with recurring revenue increasing 310% to $448,442 and energy production up 384% to 2,893,980 kWh compared to Q1 FY2024. The company expects annual recurring revenue between $1.8M-$2.2M from operating assets. Despite posting a net loss of $1,095,599, Revolve maintains a strong development pipeline of 3,015MW in utility-scale projects. Three major projects - the 20MW/80MWh Vernal BESS, 49.5MW Primus Wind, and 30MW Alberta project - are expected to reach 'ready to build' status by end of 2025.