Revolve agrees to buy Montana wind project for $10.5M

Revolve Renewable Power Corp. (CSE: REVV)(OTCQB: REVVF) has signed definitive agreements to acquire 100% of the equity interests in the 9.6 megawatt Horseshoe Bend Wind Project in Montana for total consideration of US$10,480,000.

The agreements were dated September 9, 2026. Upon closing, Horseshoe Bend would become Revolve's first operating power generation project in the United States, according to a press release from the Vancouver-based company.

Revolve plans to fund the acquisition through project-level debt financing from Export Development Canada (EDC) and Vancity Capital Corporation, along with proceeds from a previously announced bridge credit facility with Whitfield Power Solutions, LLC.

EDC and Vancity will each provide a US$3,625,000 term loan, for aggregate debt financing of US$7,250,000. The loans carry a 10-year term, with an interest-only period for the first 12 months, and bear an all-in interest rate estimated at approximately 10%, based on USD Prime plus an applicable margin. There is no early repayment penalty.

The Horseshoe Bend project sells electricity under a long-term power purchase agreement, and the existing operations and maintenance provider is expected to remain in place following closing. The project would add 9.6 MW to Revolve's operating base, which currently includes 27 MW of operating assets in Canada and Mexico.

"The project has an established operating history and is expected to bring immediate, contracted revenue from day one following closing," said Myke Clark, CEO of Revolve.

No finder's fees, commissions, or similar payments were made in connection with the acquisition. The vendor is at arm's length to the company.

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