Mr. Myke Clark reports

REVOLVE SECURES US$24 MILLION PROJECT-LEVEL FINANCING FACILITY WITH BANCO MULTIVA TO ACCELERATE GROWTH OF MEXICAN DISTRIBUTED GENERATION PORTFOLIO

Revolve Renewable Power Corp. has entered into a 450 million Mexican pesos ($24-million (U.S.)) project-level, non-recourse-style financing facility secured by project cash flows and contracted revenues with Banco Multiva S.A., Institucion de Banca Multiple, Grupo Financiero Multiva. The facility (the Multiva facility) is expected to support the continued expansion of Revolve's distributed generation business in Mexico while also enabling the company to recycle capital from existing operating and construction-stage assets into future growth opportunities.

Concurrent with signing the facility, Revolve expects to complete an initial drawdown of approximately 128.8 million Mexican pesos ($7.7-million (U.S.)) backed by operating assets and projects currently under construction. The drawdown is expected to refinance a portion of Revolve's investment in these assets and return capital to the corporate level while maintaining ownership of the underlying projects and their long-term contracted revenue streams.

"The signing of this financing with Banco Multiva is a major milestone for Revolve and an important validation of the strength of our growing distributed generation business in Mexico," said chief financial officer Tania Ontiveros. "I would like to thank the entire Banco Multiva team for their work and vision to bring this together. The facility provides us with approximately $24-million (U.S.) of long-term project-level capital to support the continued growth of our distributed generation business in Mexico. Equally important, the initial drawdown of approximately $7.7-million (U.S.) demonstrates the effectiveness of our capital recycling strategy. These are assets that we have already funded, developed and constructed using Revolve equity capital. By introducing long-term financing secured by contracted project revenues, we can recover a significant portion of that invested capital while retaining ownership of the assets and their future cash flows."

"This financing marks a significant milestone for Multiva in advancing energy projects. It reinforces our ability to deliver long-term financing solutions while positioning us as a leading player in the financing of distributed generation projects in Mexico. We are proud to contribute to the sector's growth through structures that encourage investment, support the development of innovative companies and create sustainable value for the country," said Tamara Caballero, chief executive officer Banco Multiva.

As part of Multiva's commitment to fostering the development of strategically relevant sectors for Mexico, the institution provides structured financing solutions for energy projects, facilitating access to long-term debt that promotes investment and supports the transition toward a more sustainable energy future. The Multiva facility is structured as a 14-year project financing facility and provides Revolve with access to long-term, non-dilutive capital for the construction of new DG projects, refinancing of operating assets, and expansion of its growing portfolio of commercial and industrial solar projects in Mexico. The facility is structured through Revolve's Mexican subsidiaries, EPM Solar S.A. de C.V. and RRP Business Solutions S.A. de C.V., and consists of two equal 225 million Mexican pesos tranches.

Key credit facility terms

• Total facility size: 450 million Mexican pesos (approximately $24-million (U.S.));
• Term: 168 months (14 years) from drawdown;
• Availability period: 24 months, providing flexibility to add new project packages as the company's portfolio expands;
• Purpose: project level debt financing of up to 75 per cent of project capital expenditures, debt service reserve requirements, insurance costs, fees and hedging costs associated with eligible distributed generation projects;
• Interest rate: variable rate depending on individual project characteristics and customer credit profile, expected to be in the range of 11.25 per cent to 12.5 per cent;
• Security: the facility is secured primarily through contracted cash flows generated under long-term power purchase agreements and is designed specifically to support a growing portfolio of distributed generation assets.

Under Revolve's business model, the company initially deploys equity capital and bridge loans to acquire, develop, and construct distributed generation projects. Once projects have established contracted revenues and satisfy lender underwriting requirements, long-term project-level financing can be introduced using project cash flows as the primary source of repayment. Financing proceeds are then distributed back to Revolve, effectively refinancing a portion of the original equity investment or bridge loan. As a result, cash that was previously invested in operating and construction-stage projects is returned to the corporate balance sheet, and can be redeployed into new project acquisitions, development opportunities and future project construction while Revolve continues to retain ownership of the underlying assets and their future cash flows.

"This is a powerful value creation model. We deploy equity capital to acquire and build high-quality renewable energy assets, establish long-term contracted cash flows, and then introduce long-term financing once those assets are operational or substantially derisked. The recovered capital can then be redeployed into the next generation of projects. The result is the potential to enhance project-level equity returns, increase liquidity and support growth in recurring revenue and cash flow," said chief executive officer Myke Clark.

Revolve is also pleased to provide an update on the construction progress of the company's previously announced portfolio of distributed generation solar projects which are supported by the Multiva facility. Construction activities continue and as these projects achieve commercial operation, they are expected to expand Revolve's operating asset base:

• Three projects have completed installation and UVIE certification while progressing through the final Comision Federal de Electricidad (CFE) process. Successful completion of this process represents the final stage before commercial operation and the commencement of contracted electricity sales and recurring revenue generation.
• Seventeen projects are currently under construction, with installation activities progressing across multiple sites. Work is advancing through various stages of construction, including equipment installation, electrical integration and commissioning preparation.

The portfolios, first announced in April 22, 2026, and March 5, 2026, respectively, represent 5.2 megawatts (MW) of new generating capacity that, upon completion and commercial operation, are expected to expand Revolve's operating renewable energy portfolio and contribute additional contracted recurring revenue. The projects are expected to be fully constructed and operational by the end of 2026, subject to construction timelines and local permitting.

The company will continue to provide updates as additional projects achieve key construction, interconnection and commercial operation milestones.

About Revolve Renewable Power Corp.

Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro, and battery storage projects in the United States, Canada and Mexico. Revolve also installs and operates sub-20-megawatt (MW) behind the meter distributed generation (or DG) assets. Revolve's portfolio includes the following:

• Operating assets: 27 MW (net) of operating assets under long-term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;
• Development: a diverse portfolio of utility scale development projects across the United States, Canada and Mexico with a combined capacity of over 3,000 MWs as well as a 140-plus MW distributed generation portfolio that is under development.

Revolve has an accomplished management team with a demonstrated record of taking projects from greenfield through to ready-to-build status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To date, Revolve has developed and sold over 1,550 MW of projects.

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