Source: majeczka.
  • Revolve Renewable Power, a renewable energy company, is expanding into the Canadian market
  • It plans to build a utility-scale development portfolio and a distributed generation business consistent with its strategy in the U.S. and Mexican markets
  • The company now boasts a presence across the entire North American renewables market
  • Revolve Renewable Power develops utility-scale wind, solar and battery storage projects in Canada, the U.S. and Mexico with a portfolio of 2,838 MW under development
  • Revolve Renewable Power (TSXV:REVV) last traded at $0.35 per share

Revolve Renewable Power, a renewable energy company, is expanding into the Canadian market.

Management views Canada as an increasingly attractive market, particularly because of the Canadian government’s C$35 billion green investment tax credit package announced in March as part of the Made in Canada Plan.

The company plans to build a utility-scale development portfolio and a distributed generation business consistent with its approaches to the U.S. and Mexican markets.

Early-stage development activities are already a few weeks in, with Revolve targeting an initial portfolio of utility-scale development projects by year end. Solar and battery storage opportunities will serve as the initial focus, followed by feasibility work on potential wind projects.

The expansion affords the company a presence across the entire North American renewable energy market.

Revolve Renewable Power develops utility-scale wind, solar and battery storage projects in Canada, the United States and Mexico with a portfolio of 2,838 MW under development. Its Revolve Renewable Business Solutions division installs and operates sub-20-MW distributed generation assets. To date, Revolve has developed and sold more than 1,550 MW of projects.

Revolve Renewable Power (TSXV:REVV) last traded at $0.35 per share.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.


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