Revolve Renewable expands into Canadian market Initiated a small position to start....Have been watching this one for a while and like the Revenue growth, the connection with Engie SA and now expanding into the Canadian Market.
2023-06-08 07:22 ET - News Release
Mr. Steve Dalton reports
REVOLVE ANNOUNCES EXPANSION INTO THE CANADIAN RENEWABLE ENERGY MARKET
Revolve Renewable Power Corp. has expanded its business into the Canadian renewable energy market. The expansion completes the last phase of its market strategy with the company's renewable energy operations now covering the entire North American market.
Canada has become an increasingly attractive market for renewable energy development particularly with the Canadian government's $35-billion green investment tax credit package announced in March of this year as part of the Made in Canada Plan.
The company intends to build both a utility-scale development portfolio and a distributed generation business consistent with its strategy for the U.S. and Mexican markets.
Early-stage development activities have already commenced over the last number of weeks with the company targeting an initial portfolio of utility-scale development projects by the end of the year. The company is focusing on solar and battery storage opportunities in the short term while also commencing feasibility work on potential locations for wind projects.
In support of this expansion the company is also pleased to announce its membership of the Canadian Renewable Energy Association (CanREA).
About Revolve Renewable Power Corp.
Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar and battery storage projects in the U.S. and Mexico with a portfolio of 2,838 megawatts under development. The company has a second division, Revolve Renewable Business Solutions, which installs and operates sub-20-megawatt behind the meter distributed generation (or DG) assets. Revolve Renewable Business Solutions currently has an operating portfolio of six MW with an additional three MW under construction.
Revolve has an accomplished management team with a demonstrated record of taking projects from greenfield through to ready-to-build (or RTB) status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To date, Revolve has developed and sold over 1,550 MW of projects.
Going forward, Revolve is targeting 5,000 MW of utility-scale projects under development in the U.S. and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG assets.
We seek Safe Harbor.
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