Revolve Renewable Power Corp.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Renewable Energy
Environmental Achievements
- Successfully sold 1,550MW of wind & solar projects generating close to US$20m revenue to date
- Sale of 1,250MW of solar & storage capacity to ENGIE
Climate Goals & Targets
Long-term Goals:
- 5GW Portfolio by FY2025
- US$15m Revenue and US$10m EBITDA by FY2025
Medium-term Goals:
- Target ready to build status for the Vernal BESS project in 2024 with construction commencing H1 2025
- Complete minimum of one M&A transaction per year
Short-term Goals:
- Constructing and operating smaller utility-scale assets
- Focus on the 80MWh Vernal BESS and 49.5MW Primus Wind projects
- Continued build-out of DG development portfolio
Environmental Challenges
- Regulatory approvals
- Financing
- Equipment breakdown
- Commodity supply and price stability
- Interest rate increases
- Currency exchange rate fluctuations
- Operational, financial, or supply chain disruptions
- Economic downturns
- Project development and construction delays
- Capital project or financing cost overruns
- Weather patterns
- Counterparty defaults
- Competitiveness of electricity pricing
- Realization of anticipated benefits of acquisitions and joint ventures
- Changes in applicable laws, political conditions, and public policies
- Obtaining and maintaining licenses and permits
- Maintaining adequate insurance coverage
- Material fluctuations in market energy prices
- Material disputes with taxation authorities or changes to applicable tax laws
- Maintenance of information technology infrastructure and cybersecurity
- Successful implementation of new information technology systems and infrastructure
- Favorable relations with external stakeholders
- Retention of key personnel
- Maintaining and expanding distribution capabilities
- Continued investment in infrastructure to support growth