Revolve Signs Definitive Agreements For Portfolio Of 16 Distributed Generation Solar Projects In Mexico

Revolve Renewable Power Corp. (“Revolve” or the “Company”), a North American owner, operator and developer of renewable energy projects, is pleased to announce it has commenced construction on a portfolio of distributed generation solar projects in Mexico with a total capacity of 2.8 megawatts (“MW”). The Portfolio will be added to the 3 MW of operating assets Revolve currently owns in Mexico. The portfolio is expected to generate annual revenue in the range of US$620,000 to US$922,000, with annual EBITDA estimated in the range of US$533,000 to US$794,000, from the sale of electricity to the commercial customer.

A Power Purchase Agreement (“PPA”), an Engineering, Procurement and Construction (“EPC“) Agreement and an Operations and Maintenance (“O&M“) Agreement (collectively, the “Agreements“) were executed on March 4, 2026, for a portfolio of 16 distributed generation solar projects (the “Portfolio“) to be installed for a chain of department stores across Mexico. The Portfolio has an estimated capital cost of US$2.7M, which will be funded by a combination of cash from the Company’s balance sheet and project level debt. The first phase of the 16 projects is now under construction, and the entire portfolio is expected to be fully constructed and operational by August 2026.

“This portfolio is a significant milestone for Revolve as we deploy our first portfolio of projects with a new partner in Mexico,” said CEO Myke Clark. “Signing these agreements for 16 solar projects for a department store chain reflects the depth of our operational capabilities in Mexico and our ability to originate, structure and execute distributed generation opportunities at scale. These 16 projects will add a strong additional recurring revenue stream from distributed generation and form the basis for additional projects with RER Energy. We look forward to delivering clean, cost-effective power solutions to commercial customers across Mexico.”

Following the recent strategic financing completed by Revolve, the Company intends to expand its behind the meter power solutions platform. A key part of this platform in Mexico is the partnership with RER Energy (announced on October 9, 2025). The announcement today focuses on the first 2.8 MW portfolio identified as part of an initial 5 MW pipeline. The work completed with RER Energy to date is expected to streamline the delivery of additional projects with standard project documentation and processes now agreed.

Mexico’s distributed generation market grew by 32% in 2024, expanding from 3.4 GW to 4.4 GW, primarily driven by solar installations (BNamericas, 2024). Distributed generation is projected to reach 11.8 GW of installed capacity by 2030, according to SEDECO, CDMX. Behind-the-meter solar additions rose by 1.09 GW in 2024, representing a 35% year-over-year increase, with more than 518,000 net-billing contracts now active across Mexico (Energy Tracker Asia, August 2025). This growth is being fuelled by companies seeking on-site power solutions, decarbonization goals, industrial nearshoring demand, and the government’s target of 45% renewable electricity by 2030 under President Claudia Sheinbaum’s National Energy Plan.