Revolve Renewable Energy Corp. (TSXV:REVV)(OTCQB:REVVF) (“Revolve” or the “Firm”), a North American proprietor, operator and developer of renewable power initiatives, is happy to announce that its wholly-owned subsidiary, Revolve Meadows Photo voltaic GP Inc., has obtained Energy Plant Approval (Choice 29985-D01-2025) from the Alberta Utilities Fee (the “AUC”) for the 15.7 MW Vivid Meadows Photo voltaic Undertaking (“Vivid Meadows Undertaking”).
Situated in within the County of Wetaskiwin, Alberta, roughly 80 km south of Edmonton, the Vivid Meadows Undertaking is a 15.7 MW solar energy venture that can generate sufficient renewable electrical energy to energy greater than 3,700 properties as soon as operational. The venture incorporates agrivoltaics to optimize photo voltaic power manufacturing whereas preserving the agricultural worth of the land. This revolutionary mannequin minimizes land influence and helps long-term sustainability for rural communities.
“AUC approval is the important thing regulatory allow required for the Vivid Meadows Photo voltaic Undertaking and we at the moment are shifting ahead on the ultimate interconnection and building planning for this venture,” mentioned CEO Myke Clark. “Revolve wish to thank the County of Wetaskiwin, the area people and our companions for his or her help by the AUC course of. As we transfer by last design and building planning, we stay dedicated to delivering constructive advantages to the area people.”
Together with the 6 MW Field Springs Wind Farm, the Vivid Meadows Undertaking might be Revolve’s second operational asset in Alberta and is a key element in Revolve’s rising portfolio of utility-scale initiatives being developed in Canada. This milestone permits Revolve to assemble and function the venture, pending last interconnection approval and native allow necessities.
With this key AUC approval secured, Revolve will now advance the venture with the objective of starting building in 2026. Key upcoming milestones embody:
Launch of Section 1 of the geotechnical marketing campaign to evaluate web site soil situations, adopted carefully by the extra detailed Section 2 geotechnical marketing campaign.Initiation of a Request for Proposals to pick out a building accomplice.Graduation of the method to safe a Energy Buy Settlement and venture financing.Monetary forecast. Revolve intends to construct, personal and function the Vivid Meadows Undertaking, which, as soon as operational, will considerably improve the income and cashflow profile of the Firm. As soon as absolutely commissioned, the Undertaking is anticipated to generate annualized income within the vary of C$2.8m to C$3.2m and EBITDA of between C$2.5m to C$2.8m. The Firm intends to replace these forecasts nearer to building commencing and because the industrial preparations for the sale of electrical energy from the venture are finalized. Development on the Vivid Meadows Undertaking is focused for the second half of 2026, with income technology commencing at industrial operation, which is focused by the top of 2026.
The Vivid Meadows Undertaking is one in all Revolve’s largest late-stage improvement property and is anticipated to contribute meaningfully to the Firm’s revenue-generating portfolio upon completion. Its approval reinforces Revolve’s technique of specializing in mid-size renewable power property that profit from a quicker improvement cycle and potential ease of interconnection. This mannequin positions the Firm for continued progress in Alberta and throughout North America.
“Revolve is actively increasing its presence in Canadian provinces with sturdy renewable power potential. In parallel, the Firm continues to judge and pursue further utility-scale alternatives throughout North America, leveraging its confirmed improvement experience to construct a diversified and resilient portfolio of fresh power property,” concluded Clark.
For additional info contact:Myke Clark, CEOIR@revolve-renewablepower.com778-372-8499
About Revolve
Revolve was fashioned in 2012 to capitalize on the rising international demand for renewable energy. Revolve develops utility-scale wind, photo voltaic, hydro and battery storage initiatives within the US, Canada and Mexico. Revolve additionally installs and operates sub 20MW “behind the meter” distributed technology (or “DG”) property. Revolve’s portfolio consists of the next:
Working Belongings: 12 MW (web) of working property below long run energy buy agreements throughout Canada and Mexico masking wind, photo voltaic, battery storage and hydro technology.Growth: a various portfolio of utility scale improvement initiatives throughout the US, Canada and Mexico with a mixed capability of over 3,000MWs in addition to a 140MW+ distributed technology portfolio that’s below improvement.
Revolve has an achieved administration staff with a demonstrated observe document of taking initiatives from “greenfield” by to “able to construct” standing and efficiently concluding venture gross sales to giant operators of utility-scale renewable power initiatives. To-date, Revolve has developed and offered over 1,550MW of initiatives.
Non-IFRS Measures
This press launch refers to sure non-IFRS measures together with Earnings earlier than Curiosity, Taxes, Depreciation and Amortization (“EBITDA”). Non-IFRS measures and trade metrics should not have a standardized that means prescribed by IFRS and are due to this fact unlikely to be akin to comparable measures introduced by different firms. These measures are offered as further info to enrich IFRS measures by offering additional understanding of our outcomes of operations from administration’s perspective. Accordingly, these measures shouldn’t be thought of in isolation nor as an alternative choice to evaluation of our monetary info reported below IFRS. The time period EBITDA consists of web loss or acquire and excludes curiosity, taxes, depreciation and amortization. Probably the most instantly comparable measure to EBITDA calculated in accordance with IFRS is web acquire or web loss. The time period EBITDA margin consists of the proportion of web loss or acquire and excludes curiosity, taxes, depreciation and amortization. These measures, have limitations, and are offered along with, and never instead for, and needs to be learn at the side of, the data contained in our monetary statements ready in accordance with GAAP (together with the notes), included in our filings on SEDAR+ at sedarplus.ca and posted on our web site.
Monetary Projections
The Firm’s monetary projections are inherently speculative and should show to be inaccurate. Any monetary projections offered on this press launch have been ready in good religion primarily based upon the estimates and assumptions thought of cheap by administration. Nevertheless, projections are not more than estimates of attainable occasions and shouldn’t be relied upon to foretell the outcomes that the Firm could attain. Future oriented monetary info on this press launch consists of statements with respect to forecasted revenues and EBITDA which can be anticipated to be generated by the Undertaking. There’s a danger that the assumptions associated to those income and EBITDA forecasts might not be met and that the Undertaking is not going to meet the situations to start out building. The projections are primarily based upon a number of estimates and assumptions and haven’t been examined, reviewed or compiled by unbiased accountants or different third-party consultants, together with assumptions with respect to the anticipated bills and future revenues from the Undertaking. These assumptions could fluctuate from the precise outcomes. Accordingly, there isn’t any assurance that future occasions will correspond to administration’s assumptions for the Undertaking. Any variations of precise outcomes from projections associated to the Undertaking could also be materials and adversarial. Future-oriented monetary info and monetary outlooks, as with forward-looking info usually, are, with out limitation, primarily based on the cheap assumptions of the Firm and administration as on the date hereof. Our precise monetary place and outcomes of operations and the Undertaking could differ materially from administration’s present expectations and, consequently, our income, profitability, EBITDA could differ materially from any income, and profitability profiles offered on this press launch. Such info is introduced for illustrative functions solely and might not be a sign of our precise monetary place or outcomes of operations.
Revolve doesn’t present reconciliations for forward-looking non-GAAP monetary measures as Revolve is unable to offer a significant or correct calculation or estimation of reconciling objects and the data will not be accessible with out unreasonable effort. That is because of the inherent problem of forecasting the timing or variety of varied occasions that haven’t but occurred, are out of Revolve’s management and/or can’t be fairly predicted, and that may influence essentially the most instantly comparable forward-looking GAAP monetary measure. For these similar causes, Revolve is unable to deal with the possible significance of the unavailable info. Ahead-looking non-GAAP monetary measures could fluctuate materially from the corresponding GAAP monetary measures.
Ahead Trying Info
The forward-looking statements contained on this information launch represent ‘‘forward-looking info” inside the that means of relevant securities legal guidelines in every of the provinces and territories of Canada and the respective insurance policies, laws and guidelines below such legal guidelines and ‘‘forward-looking statements” inside the that means of the U.S. Non-public Securities Litigation Reform Act of 1995 (collectively, ‘‘forward-looking statements”). The phrases “will”, “expects”, “estimates”, “projections”, “forecast”, “intends”, “anticipates”, “believes”, “targets” (and grammatical variations of such phrases) and comparable expressions are sometimes supposed to determine forward-looking statements, though not all forward-looking statements include these figuring out phrases. Ahead trying statements on this press launch embody statements with respect to the proposed acquisition of the Undertaking. This forward-looking info and different forward-looking info are primarily based on our opinions, estimates and assumptions contemplating our expertise and notion of historic developments, present situations and anticipated future developments, in addition to different elements that we presently consider are acceptable and cheap within the circumstances. Regardless of a cautious course of to arrange and overview the forward-looking info, there could be no assurance that the underlying opinions, estimates and assumptions will show to be appropriate. Materials elements underlying forward-looking info and administration’s expectations embody: the receipt of relevant regulatory approvals; the absence of fabric adversarial regulatory selections being obtained and the expectation of regulatory stability; the absence of any materials gear breakdown or failure; availability of financing on commercially cheap phrases and the steadiness of credit score rankings of the Firm and its subsidiaries; the absence of surprising materials liabilities or uninsured losses; the continued availability of commodity provides and stability of commodity costs; the absence of rate of interest will increase or vital forex change charge fluctuations; the absence of serious operational, monetary or provide chain disruptions or legal responsibility, together with regarding import controls and tariffs; the continued skill to take care of methods and services to make sure their continued efficiency; the absence of a extreme and extended downturn usually financial, credit score, social or market situations; the profitable and well timed improvement and building of latest initiatives; the absence of capital venture or financing price overruns; enough liquidity and capital sources; the continuation of long run climate patterns and developments; the absence of serious counterparty defaults; the continued competitiveness of electrical energy pricing when put next with various sources of power; the conclusion of the anticipated advantages of the Firm’s acquisitions and joint ventures; the absence of a change in relevant legal guidelines, political situations, public insurance policies and instructions by governments, materially negatively affecting the Firm; the power to acquire and preserve licenses and permits; upkeep of sufficient insurance coverage protection; the absence of fabric fluctuations in market power costs; the absence of fabric disputes with taxation authorities or adjustments to relevant tax legal guidelines; continued upkeep of knowledge expertise infrastructure and the absence of a fabric breach of cybersecurity; the profitable implementation of latest info expertise methods and infrastructure; beneficial relations with exterior stakeholders; our skill to retain key personnel; our skill to take care of and broaden distribution capabilities; and our skill to proceed investing in infrastructure to help our progress.
Such uncertainties and dangers could embody, amongst others, market situations, delays in acquiring or failure to acquire required regulatory approvals in a well timed trend, or in any respect; the provision of financing, fluctuating costs, the potential for venture price overruns, mechanical failure, unavailability of elements and provides, labour disturbances, interruption in transportation or utilities, adversarial climate situations, and unanticipated prices and bills, variations in the price of power or supplies or provides or environmental impacts on operations, disruptions to the Firm’s provide chains; adjustments to regulatory setting, together with interpretation of manufacturing tax credit; armed hostilities and geopolitical conflicts; dangers associated to the event and potential improvement of the Firm’s initiatives; conclusions of financial evaluations; adjustments in venture parameters as plans proceed to be refined; the provision of tax incentives in reference to the event of renewable power initiatives and the sale {of electrical} power; in addition to these elements mentioned within the sections regarding danger elements mentioned within the Firm’s steady disclosure filings on SEDAR+ at sedarplus.ca. There could be no assurance that such statements will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such statements. Readers are cautioned that given these dangers, undue reliance shouldn’t be positioned on these forward-looking statements, which apply solely as of their dates. Aside from as particularly required by regulation, the Firm undertakes no obligation to replace any forward-looking statements to mirror new info, subsequent or in any other case. The Firm doesn’t intend, and expressly disclaims any intention or obligation to, replace or revise any forward-looking statements whether or not due to new info, future occasions or in any other case, besides as required by regulation.
Such statements and knowledge mirror the present view of the Firm. By their nature, forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger our precise outcomes, efficiency or achievements, or different future occasions, to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements.The forward-looking info contained on this press launch represents the expectations of the Firm as of the date of this press launch and, accordingly, is topic to vary after such date. Readers mustn’t place undue significance on forward-looking info and mustn’t depend upon this info as of another date. The Firm doesn’t undertake to replace this info at any time besides as required in accordance with relevant legal guidelines.
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