Revolve Renewable signs 16-site Mexico solar portfolio

Executive Summary

• Revolve Renewable Power Corp. has signed definitive agreements (PPA, EPC, and O&M) for a portfolio of 16 distributed generation solar projects in Mexico, totaling 2.8 MW of capacity.
• The projects are being developed for a chain of department stores, with construction already commenced on the first phase and full operational status expected by August 2026.
• The transaction is expected to generate significant recurring revenue, with estimated annual revenues between $620,000 and $922,000 USD, and annual EBITDA between $533,000 and $794,000 USD.

Key Details

• Transaction Structure: Execution of a Power Purchase Agreement (PPA), Engineering, Procurement and Construction (EPC) agreement, and Operations and Maintenance (O&M) agreement.
• Project Scope: 16 distributed generation solar projects located in Mexico.
• Capacity: 2.8 MW total capacity for the new portfolio; adds to Revolve’s existing 3 MW of operating assets in Mexico.
• Timeline: Agreements signed March 4, 2026; first phase under construction; entire portfolio expected to be fully constructed and operational by August 2026.
• Capital Costs: Estimated capital cost of $2.7 million USD, financed via a combination of company cash and project-level debt.
• Financial Projections:
  • Annual Revenue: $620,000 – $922,000 USD.
  • Annual EBITDA: $533,000 – $794,000 USD.
• Strategic Context: This portfolio represents the first phase of an initial 5 MW pipeline identified in partnership with RER Energy (strategic partnership announced Oct 9, 2025).
• Market Context: Mexico’s distributed generation market grew 32% in 2024; behind-the-meter solar additions rose 35% year-over-year in 2024.

Notable Quotes

• "This portfolio is a significant milestone for Revolve as we deploy our first portfolio of projects with a new partner in Mexico... Signing these agreements for 16 solar projects for a department store chain reflects the depth of our operational capabilities in Mexico, and our ability to originate, structure and execute distributed generation opportunities at scale." — Myke Clark, CEO