Revolve Closes Acquisition of Three-Project, 125 MW US Development-Stage Solar Portfolio
Rhea-AI Summary
Revolve Renewable Power (OTCQB: REVVF) completed the acquisition of a three-project, 125 MW US utility-scale solar development portfolio across Illinois, New Mexico, and Wisconsin.
The Henry (30 MW DC), Columbus (56 MW DC), and Endeavor (39 MW DC) projects involve a $0.02/W development fee and 10% deferred consideration, payable only if projects proceed to construction, funded from existing resources and financing facilities.
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Positive
- Acquisition of three US solar projects totaling approximately 125 MW
- Geographic diversification across Illinois, New Mexico, and Wisconsin
- No upfront or milestone payments unless a project proceeds to construction
- Development funded from existing resources and strategic financing facilities
Negative
- Development fee of $0.02 per watt due at construction notice to proceed
- 10% deferred consideration tied to realized sale or fair market value for each project
Adds 125 megawatts of US solar development assets across Illinois, New Mexico, and Wisconsin
VANCOUVER, BC / ACCESS Newswire / June 12, 2026 / Revolve Renewable Power Corp. (CSE:REVV)(OTCQB:REVVF) ("Revolve" or the "Company"), a North American owner, operator and developer of renewable energy projects, is pleased to announce that it has completed the acquisition of three utility-scale solar development projects (the "Portfolio"), totalling approximately 125 megawatts ("MW") of nameplate capacity across Illinois, New Mexico, and Wisconsin (the "Acquisition"), as previously announced on June 8, 2026. The Portfolio includes three projects: Henry (Illinois, 30 MW DC), Columbus (New Mexico, 56 MW DC), and Endeavor (Wisconsin, 39 MW DC) (collectively, the "Projects").
Under the terms of the Acquisition, Revolve will pay the seller a development fee of
Development of the Projects will be funded 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.
For further information contact:
Myke Clark, CEO
IR@revolve-renewablepower.com
778-372-8499
About Revolve
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 US, Canada and Mexico. Revolve also installs and operates sub 20 megawatt ("MW") "behind the meter" distributed generation (or "DG") assets. Revolve's portfolio includes the following:
Operating Assets: 13 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 US, Canada and Mexico with a combined capacity of over 3,000MWs as well as a 140MW+ distributed generation portfolio that is under development. Revolve has an accomplished management team with a demonstrated track 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 1,550MW of projects.
Forward Looking Information
The forward-looking statements contained in this news release constitute ''forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ''forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ''forward-looking statements"). The words "will", "expects", "estimates", "projections", "forecast", "intends", "anticipates", "believes", "targets" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements in this press release include statements with respect to the Company's business objectives and project development goals; expectations regarding the advancement, development, permitting, interconnection, financing and construction of the Projects; expectations regarding the funding of the Projects from the Company's existing resources and strategic financing facilities; and expectations regarding the Company's development pipeline, acquisition activity, and broader growth initiatives.
This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions considering our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Material factors underlying forward-looking information and management's expectations include: the completion of the Acquisition on the anticipated terms and timeline, including the receipt of applicable regulatory approvals; the absence of material adverse regulatory decisions being received and the expectation of regulatory stability; the successful and timely development and construction of the Projects; the ability to obtain and maintain permits and interconnection approvals; availability of financing on commercially reasonable terms; the absence of capital project or financing cost overruns; the absence of significant operational, financial or supply chain disruptions; sufficient liquidity and capital resources; the continued ability to maintain systems and facilities to ensure their continued performance; the absence of a severe and prolonged downturn in general economic, credit, social or market conditions; the continued competitiveness of electricity pricing when compared with alternative sources of energy; the realization of the anticipated benefits of the Acquisition; and the absence of a change in applicable laws, political conditions, public policies and directions by governments, materially negatively affecting the Company.
Risks and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, without limitation: the risk that required corporate and regulatory approvals are delayed or not obtained; risks relating to the Acquisition, including the ability to realize its anticipated benefits; risks relating to the Company's ability to develop and advance the Projects (including permitting, interconnection, construction, supply chain and cost inflation risks); risks relating to financing, including the ability to obtain funding on acceptable terms; risks relating to counterparties and contractual arrangements; risks relating to acquisitions (including the ability to identify, negotiate and complete acquisitions on acceptable terms); and general market, economic, interest rate, foreign exchange, and industry conditions. Additional risks and uncertainties are described in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned that given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required by law.
Such statements and information reflect the current view of the Company. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company does not undertake to update this information at any time except as required in accordance with applicable laws
"The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release."
SOURCE: Revolve Renewable Power Corp.
View the original press release on ACCESS Newswire