ReVolve Renewable Power Corp. announced that on January 5, 2024, it has signed a Power Purchase Agreement (PPA) for a new 450kWp rooftop solar project (the Project) in Mexico as part of its growing distributed generation (or DG) portfolio. Project Details: The Project will be installed at the site of a food manufacturing business in Central Mexico and will assist the customer in meeting its sustainability objectives while also reducing its electricity cost.

Revolve will be the owner and have the responsibility to finance, install and operate the Project. A 15-year PPA has been signed between the Company and the customer structured as a fixed price per kWh generated by the Project. The price per kWh is increased annually by inflation.

An Engineering Procurement Contract (or EPC) has been signed with a Mexican Corporation, Inventive Power (or "Inventive"), a highly experienced installer and operator of solar photovoltaic (or PV) and thermal projects in Mexico, to deliver a turnkey solution for the installation and commissioning of the Project. Under this contract Inventive will also be responsible for all scheduled and unscheduled maintenance required for the Project. The Project is targeted to be operational in June this year and will add to the recurring revenue base of the Company's distributed generation business.

The Project is expected to cost approximately C$540,000 to install and commission inclusive of all related financing and transaction costs.