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ReVolve Renewable Power Corp ( (TSE:REVV) ) has issued an announcement.
Revolve Renewable Power Corp has announced the completion and operation of a 451-kilowatt solar project in Colima, Mexico. This project, which will generate over 650,000 kWh of renewable energy annually, is part of a 15-year power purchase agreement with a commercial customer, contributing to sustainability objectives by offsetting around 325 tonnes of CO2 emissions. The successful commissioning of the Colima Project marks a significant milestone for Revolve’s Distributed Generation business, increasing its operational capacity to 4.9MW and boosting its revenue stream. The company also plans to expand with a new 250-kW rooftop solar project in Mexico, further solidifying its growth and presence in the renewable energy sector.
More about ReVolve Renewable Power Corp
Revolve Renewable Power Corp is a North American company specializing in owning, operating, and developing renewable energy projects. It focuses on providing renewable power through solar, wind, and hydro projects primarily in Canada and Mexico, targeting large commercial and industrial enterprises aiming to reduce their CO2 emissions.
YTD Price Performance: -6.00%
Average Trading Volume: 24,830
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$13.69M
For an in-depth examination of REVV stock, go to TipRanks’ Stock Analysis page.
