Revolve Renewable Power Corp. Announces Binding Offer for 9.6 MW Operating Wind Energy Project
VANCOUVER, BC – Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) (“Revolve” or the “Company”), a leading North American renewable energy company, is thrilled to announce that it has entered into a binding offer (the “Binding Offer”) for the proposed acquisition of a 9.6 megawatt (“MW”) operating wind energy project located in the United States (the “Project”).
Key Terms of the Proposed Acquisition
Under the terms of the Binding Offer, Revolve would acquire a 95% interest in the Project for total consideration of US$10.5 million on a cash and debt-free basis. The Project is currently generating revenue and has a long-term power purchase agreement in place, making it an attractive addition to Revolve’s existing portfolio. The Proposed Acquisition is subject to certain conditions, including due diligence, regulatory approvals, and the satisfaction of other customary closing conditions.
Impact on Revolve Renewable Power Corp.
The acquisition of the 9.6 MW wind energy project represents a significant step forward for Revolve Renewable Power Corp. This project will add a strong recurring revenue stream to the Company’s existing portfolio, further bolstering its position as a leading player in the renewable energy sector. The Project’s long-term power purchase agreement provides revenue stability and predictability, making it an attractive investment for Revolve and its shareholders.
Impact on the World
The renewable energy sector continues to grow at an impressive rate, driven in part by the increasing demand for clean energy and the need to reduce greenhouse gas emissions. The acquisition of the wind energy project by Revolve Renewable Power Corp. is a positive development for the industry and the world as a whole. The Project will contribute to the reduction of carbon emissions and the transition to a more sustainable energy future.
Conclusion
Revolve Renewable Power Corp.’s announcement of the proposed acquisition of a 9.6 MW operating wind energy project in the United States is a significant development for the Company and the renewable energy sector. The Project’s addition to Revolve’s existing portfolio will provide a strong recurring revenue stream and further solidify the Company’s position as a leading player in the industry. The Project’s contribution to the reduction of carbon emissions and the transition to a more sustainable energy future is a positive development for the world.
- Revolve Renewable Power Corp. announces binding offer for 9.6 MW operating wind energy project in the United States
- Proposed acquisition of 95% interest in Project for US$10.5 million on a cash and debt-free basis
- Project generates revenue and has long-term power purchase agreement in place
- Acquisition adds strong recurring revenue stream to Revolve’s existing portfolio
- Contributes to the reduction of carbon emissions and the transition to a more sustainable energy future
