Revolve Closes Acquisition of Three-Project, 125 MW US Development-Stage Solar Portfolio

Executive Summary

• Revolve Renewable Power Corp. has completed the acquisition of three utility-scale solar development projects totaling approximately 125 MW across Illinois, New Mexico, and Wisconsin.
• The transaction structure requires no upfront payments; instead, the company will pay a $0.02 per watt development fee upon notice to proceed with construction, plus a 10% deferred consideration tied to the project's realized sale value or fair market value.
• Development will be funded through existing resources and strategic financing facilities, with each project advancing through permitting, interconnection, and financing milestones.

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).
• Total Capacity: Approximately 125 MW of nameplate capacity.
• 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.
• Upfront/Milestone Payments: None required unless an individual project proceeds to construction.
• Funding Source: Development will be funded through the Company's existing resources and strategic financing facilities.
• Development Framework: Each project will be advanced through permitting, interconnection, and financing milestones in accordance with Revolve's disciplined development framework, with further updates to be provided as material milestones are achieved.
• Prior Announcement: This acquisition was previously announced on June 8, 2026.