Revolve Signs Definitive Agreements for Portfolio of 16 Distributed Generation Solar Projects in Mexico

Executive Summary

• Revolve Renewable Power Corp. has begun construction on a 2.8 MW distributed‑generation solar portfolio in Mexico, adding to its existing 3 MW of operating assets there.
• The portfolio is expected to generate $620k–$922k of annual revenue and $533k–$794k of EBITDA from a long‑term PPA with a major department‑store chain.
• Capital cost is estimated at $2.7 M, funded by cash on hand plus project‑level debt; full construction is slated for completion by August 2026.

Key Details

• Project Scope: 16 solar projects (total 2.8 MW) for a Mexican department‑store chain; first phase already under construction.
• Agreements Executed (Mar 4, 2026): Power Purchase Agreement (PPA), Engineering‑Procurement‑Construction (EPC) agreement, and Operations & Maintenance (O&M) agreement.
• Financial Outlook:
• Annual revenue forecast: US$620,000 – US$922,000.
• Annual EBITDA estimate: US$533,000 – US$794,000.
• Capital Cost: US$2.7 million, financed through a mix of Revolve’s balance‑sheet cash and project‑level debt.
• Timeline: Construction to be completed and assets operational by August 2026.
• Existing Mexican Assets: Currently operating 3 MW of renewable generation under long‑term PPAs.
• Strategic Partner: RER Energy (partnership announced Oct 9, 2025); this portfolio is the first 2.8 MW out of an initial 5 MW pipeline with RER.
• Market Context (informative): Mexico’s distributed‑generation market grew 32 % in 2024 to 4.4 GW; projected 11.8 GW by 2030, underscoring demand for behind‑the‑meter solar solutions.

Notable Quotes

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