Revolve Expands Solar Portfolio with New Projects in Mexico

Revolve Expands Solar Portfolio in Mexico

Revolve Renewable Power Corp. has announced a significant addition to its renewable energy operations with the signing of agreements for nine new distributed generation solar projects in Mexico. These projects collectively will add 2.4 megawatts to Revolve’s existing energy capacity in the region.

Growing Distributed Generation Investments

The new solar portfolio extends Revolve's current holdings, which include 6.05 megawatts of operational assets and 2.8 megawatts from 16 projects currently under construction, developed in collaboration with RER Energy. This expansion is part of a broader strategy to enhance the company’s recurring revenue stream through long-term Power Purchase Agreements (PPAs).

Financial Prospects

Revolve's latest projects are projected to generate annual revenues between US$370,000 and US$843,000. Additionally, the anticipated EBITDA from these installations could range from US$296,000 to US$676,000. These figures reflect the company’s strategy to establish a stable financial base through the sale of electricity over a twenty-year period.

Project Timeline

Construction of the first phase of the nine new projects is set to commence shortly, with all installations expected to be operational by September 2026, contingent on local permitting and construction timescales. The estimated capital requirement for these initiatives is approximately US$1.9 million, which will be funded through a combination of available cash and project-level debt.

Future Expansion Plans

Beyond its Mexican operations, Revolve is eyeing opportunities in the United States, aiming to tap into one of the largest growing markets for commercial solar energy solutions. The company's successful model for developing and maintaining distributed generation projects is viewed as potentially transferable to new markets.

Key Takeaways

Revolve Renewable Power Corp. has secured agreements for nine new solar projects in Mexico, totaling 2.4 MW.

The projects will enhance the company's existing portfolio and are expected to boost annual revenues significantly.

Construction is set to begin immediately, with full operation anticipated by September 2026.

Revolve is also positioning itself to expand its operations into the U.S. market, leveraging its established development model.