Business
Revolve Announces Expansion into the Canadian Renewable Energy Market
VANCOUVER, BC / ACCESSWIRE / June 8, 2023 / Revolve Renewable Power Corp. (TSXV:REVV) (" Revolve...
About this update from Revolve Renewable Power Corp
[{"type":"text","content":"Revolve Announces Expansion into the Canadian Renewable Energy MarketVANCOUVER, BC / ACCESSWIRE / June 8, 2023 / Revolve Renewable Power Corp. (TSXV:REVV) (\"Revolve\" or the \"Company\"), an owner, operator and developer of renewable energy projects, is pleased to announce the expansion of 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 governments C$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 US 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 RevolveRevolve 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 US and Mexico with a portfolio of 2,838MW under development. The Company has a second division, Revolve Renewable Business Solutions, which installs and operates sub 20MW \"behind the meter\" distributed generation (or \"DG\") assets. Revolve Renewable Business Solutions currently has an operating portfolio of 6MW with an additional 3MW under construction.Revolve has an accomplished management team with a demonstrated track 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 1,550MW of projects.Going forward, Revolve is targeting 5,000MW of utility-scale projects under...