Revolve Renewable Power secures $24 million project financing from Banco Multiva
Type: Financing · Technology: Renewable Energy · Country: Mexico · Capacity: 5.2 MW · Value: $24M · Announced: 2026-08-27
Canada-headquartered Revolve Renewable Power Corp. secured a MXN$450 million ($24 million) project-level, non-recourse-style financing facility from Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva. The financing is secured by project cash flows and contracted revenues, supporting Revolve's power generation and digital infrastructure projects. This facility enhances Revolve's financial capacity for its North American development and operational portfolio. The deal underscores the growing investment in renewable energy and digital infrastructure in Mexico.
Analysis
On August 27, 2026, Revolve Renewable Power secured a MXN$450 million ($24 million) project-level, non-recourse-style financing facility from Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva. Revolve Renewable Power is a Canadian renewable energy developer with 13 MW operating and a 3,000 MW development pipeline across Canada, the US, and Mexico. The financing is secured by project cash flows and contracted revenues. This facility supports Revolve's power generation and digital infrastructure projects in Mexico.
Key points
- Financing value: MXN$450 million ($24 million)
- Announced date: 2026-08-27
- Lender: Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva
- Borrower: Revolve Renewable Power
- Financing type: Project-level, non-recourse-style
Counterparties
- Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva (Lender)
- Revolve Renewable Power (Borrower)
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