Revolve Renewable Power Secures $24M Financing with Banco Multiva

Revolve Renewable Power Corp. announced securing a $24 million project-level financing facility with Banco Multiva to boost its distributed generation portfolio in Mexico. The initial drawdown allows Revolve to access $7.7 million, unlocking previously invested equity capital, while maintaining project ownership and revenue streams.

The non-recourse financing, backed by project cash flows, enables Revolve to recycle capital for future growth opportunities. This facility is a milestone for both Revolve's business expansion and Banco Multiva's financing capabilities in Mexico's energy sector. It offers Revolve long-term, non-dilutive capital over 14 years.

Revolve’s portfolio is set to grow with 5.2 MW of new capacity from solar projects, expanding their renewable energy footprint. Construction progresses with projects approaching commercial operation, thereby securing long-term contracted cash flows. The recycled capital will fund new projects, enhancing growth prospects.