Revolve Renewable Power secured $40M in convertible credit to expand its 3-GW renewable energy projects, including Mexican wind farms.

Revolve Renewable Power Corp. secured a US$40 million secured convertible credit agreement with Callaway Capital Management, LLC, to advance its 3-gigawatt renewable energy portfolio, including wind projects in Mexico. The financing, split into two tranches of US$20 million each, includes an initial US$10 million draw, with the rest available monthly for qualified uses. Tranche A converts at CAD$0.28 per share, Tranche B at CAD$0.40, both with 15% PIK interest. The deal strengthens Revolve’s balance sheet, supports project development and digital infrastructure demand, and requires a transition from the TSX Venture Exchange to the Canadian Securities Exchange before closing.