Canada-headquartered Revolve Renewable Power Corp., a North American owner, operator and developer of power generation and digital infrastructure projects, announced it has entered into a MXN$450 million ($24 million) project-level, non-recourse-style financing facility with Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva. The facility is secured by project cash flows and contracted revenues and is expected to support the continued expansion of Revolve’s distributed generation business in Mexico while enabling the company to recycle capital from existing operating and construction-stage assets into future growth opportunities.Concurrent with the signing of the facility, Revolve expects to complete an initial drawdown of about MXN$128.8 million ($7.7 million) backed by operating assets and projects currently under construction. This drawdown is anticipated 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.Tania Ontiveros, CFO of Revolve, stated that the financing with Banco Multiva is a significant milestone and validation of the company’s growing distributed generation business in Mexico. She expressed gratitude to the Banco Multiva team for their work and vision. Ontiveros highlighted that the facility provides the $24 million in long-term project-level capital for growth, and the initial drawdown of $7.7 million demonstrates the effectiveness of Revolve’s capital recycling strategy. This involves recovering invested capital from developed and constructed assets while retaining ownership and future cash flows.Tamara Caballero, CEO of Banco Multiva, noted that this financing marks a significant milestone for Multiva in advancing energy projects and reinforces its ability to deliver long-term financing solutions. She added that the institution is proud to contribute to the sector’s growth through investment-encouraging structures that support innovative companies and create sustainable value for Mexico.The Multiva Facility is structured as a 14-year project financing facility, providing Revolve with access to long-term, non-dilutive capital. This capital is intended for the construction of new distributed generation (DG) projects, refinancing of operating assets, and expansion of its 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 comprises two equal MXN$225 million ($13.3 million) tranches.Key terms of the credit facility include a total size of MXN$450 million ($24 million), a term of 168 months (14 years) from drawdown, and a 24-month availability period. The facility’s purpose is project-level debt financing of up to 75% of eligible distributed generation project expenditures, including debt service reserve requirements, insurance costs, fees, and hedging costs. The interest rate is variable, expected to range between 11.25% and 12.5%, depending on individual project characteristics and customer credit profiles. The facility is secured primarily through contracted cash flows generated under long-term power purchase agreements.Revolve’s business model involves initially deploying equity capital and bridge loans to acquire, develop, and construct DG projects. Once projects establish contracted revenues and meet lender requirements, long-term project-level financing is introduced, using project cash flows as the primary repayment source. Proceeds are then distributed back to Revolve, refinancing a portion of the original equity investment or bridge loan, allowing for redeployment into new projects while retaining ownership.CEO Myke Clark described this as a powerful value creation model, enabling the company to deploy equity, establish contracted cash flows, introduce long-term financing, and redeploy recovered capital into new projects, potentially enhancing returns, increasing liquidity, and supporting growth in recurring revenue and cash flow.Revolve also provided an update on its distributed generation solar projects supported by the Multiva Facility. Three projects have completed installation and UVIE certification and are progressing through the final Comisión Federal de Electricidad (CFE) process, the final stage before commercial operation. Seventeen projects are currently under construction, with installation activities underway at multiple sites.These projects, first announced in April and March 2026, represent 5.2 MW of new generating capacity. Upon completion and commercial operation, they are expected to expand Revolve’s operating asset base and contribute additional contracted recurring revenue. The projects are anticipated to be fully constructed and operational by the end of 2026, subject to construction timelines and local permitting. Revolve will continue to provide updates on project milestones.—This information was contributed by Revolve Renewable Power Corp.