-- Revolve Renewable Power (REVV.CN), a North American owner, operator and developer of renewable energy projects, announced Wednesday the continued expansion of its distributed power solutions business with the signing of definitive agreements for a new portfolio of nine solar projects in Mexico with a total capacity of 2.4 megawatts.
In a statement, it said the portfolio will be added to the 6.05 MW of operating assets Revolve currently owns in Mexico and the 2.8 MW (16 projects) under construction in partnership with RER Energy, as announced on March 5, 2026.
The new portfolio is expected to generate annual revenue in the range of US$370,000 to $843,000, with annual EBITDA estimated in the range of $296,000 to $676,000, from the sale of electricity to the commercial customer, it added.
"This latest portfolio of projects is representative of the accelerated growth we are seeing in the distributed generation sector in Mexico," said CEO Myke Clark. "This manufacturing customer will see long-term savings on their electricity bill and a reduction in their operating costs. For Revolve, we are expanding our portfolio of revenue-generating assets underpinned by stable, 20-year power purchase agreements. The distributed generation opportunity in Mexico remains substantial, and we are only beginning to capture it. Our growing pipeline and scalable project model give us significant runway for continued growth in this market. Equally important, the expertise and platform we have built position us to extend our distribution generation strategy into other jurisdictions, including the United States."
The company has also commenced construction on a separate, independent 490 kW distributed generation solar project for a commercial customer in Irapuato, Mexico. Construction on the 490 kW project is expected to be completed by the end of May 2026.
Shares in REVV were unchanged at $0.175 on the CSE yesterday.