Water Tower Research Publishes Initiation of Coverage Report on Revolve Renewable Power Corp. Titled, “Leveraging Investments in the Renewable Energy and Distributed Power Megatrend”
October 17, 2023, ST. PETERSBURG, FL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage Report on Revolve Renewable Power Corp. (TSXV: REVV) titled, “Leveraging Investments in the Renewable Energy and Distributed Power Megatrend”. The report can be accessed here.
Revolve Renewable Power is an owner, operator, and developer of renewable energy projects focused on the North American market. The company offers a unique opportunity for common equity investors to participate directly in two key trends in the renewable energy sector: (1) the development of utility-scale renewable projects; and (2) behind-the-meter DG projects. The company’s strategy is to evolve into a dedicated renewable independent power producer focused on long-term recurring revenue and cash flow. The company has a portfolio of 3GW under development and an accomplished management team with a track record of success, having already generated $20 million in revenue for the business. The primary focus of the company is owning, operating, and developing renewable energy electricity generation projects in the US and Mexico, with a recently announced planned expansion into the Canadian market. These projects encompass a diverse portfolio of wind, solar, and battery storage, amounting to 6MW in operation, 3MW currently under construction, and a further 3GW under development.
In addition to its existing operating and development portfolio, the company also successfully sold 1,250MW of solar & storage development assets to ENGIE in January of this year for a transaction value of between $50 million and $62.5 million. These were the company’s third and fourth project sales and are expected to deliver further revenue over the coming years.
Revolve is also well-positioned to benefit from the growing trend of DG, which refers to the production of electricity from renewable sources at or near the point of consumption. This trend is being driven by the increasing demand for reliable and clean energy by large industrial companies, as well as the declining cost of renewable technologies. This division aims to cater to the DG market and sub-20MW renewable energy projects. The scope of this division encompasses various types of projects, including wind, rooftop solar, ground-mounted solar, battery storage, and energy efficiency projects, both “behind the meter” and grid-connected. These endeavors will be targeted across the US, Canada, and Mexico.
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