Revolve To Acquire Three-Project, 125 MW US Development Stage Solar Portfolio

Executive Summary

• Revolve Renewable Power Corp. signed agreements to acquire three utility-scale solar development projects totaling approximately 125 MW DC across Illinois, New Mexico, and Wisconsin, significantly expanding its US development footprint.
• The acquisition adds development-stage assets with secured land control to Revolve's pipeline, with no upfront payments required until individual projects receive notice to proceed with construction.
• The transaction is expected to close in June 2026 and will be funded through existing resources and strategic financing facilities, bringing Revolve's total development portfolio to over 3,000 MW.

Key Details

• Target Assets: Three utility-scale solar development projects: Henry (Illinois, 30 MW DC), Columbus (New Mexico, 56 MW DC), and Endeavor (Wisconsin, 39 MW DC).
• Transaction Structure: Acquisition through Revolve's wholly-owned US subsidiary.
• Consideration & Payment Terms: $0.02 per watt development fee payable upon notice to proceed with construction; 10% deferred consideration tied to realized sale value or fair market value at notice to proceed for each individual project. No up-front or milestone payments are due unless a project proceeds to construction.
• Funding: Development will be funded through the Company's existing resources and strategic financing facilities.
• Closing Timeline: Expected to close in June 2026.
• Site Control & Off-takers: Projects have secured site control via executed ground leases and option agreements. Located in established markets served by major utilities: Ameren (Illinois), Columbus Electric Co-Op (New Mexico), and Wisconsin Power & Light Co (Wisconsin).
• Pipeline Impact: Expands Revolve's US utility-scale development pipeline (solar, wind, battery storage) across Illinois, New Mexico, Wisconsin, Utah, and Colorado, complementing existing activities in Canada and Mexico. Total development portfolio now exceeds 3,000 MW.
• Market Context: US solar market growth driven by energy transition and power-intensive digital infrastructure (data centers/AI). EIA projects solar will represent over 50% of planned US utility-scale generating capacity additions in 2026, with developers planning 43.4 GW of new solar capacity this year.

Notable Quotes

• Myke Clark, CEO: "This acquisition is a significant step in building Revolve's US solar development platform and reflects exactly the kind of disciplined, opportunistic acquisitions we look for as we grow Revolve's pipeline with quality projects. These three projects bring secured land and development-stage assets that we can advance efficiently toward construction-ready status. Revolve sees significant future potential in the US solar market as demand for power continues to grow."