Revolve Announces Sale of 1,250MW of Utility Scale Solar and Storage Projects
Retrieved on:
Wednesday, January 11, 2023
The sale of the Projects was completed pursuant to a share purchase agreement dated January 10, 2023.
Key Points:
- The sale of the Projects was completed pursuant to a share purchase agreement dated January 10, 2023.
- The total consideration payable by ENGIE is within the range of guidance previously provided by the Company for the sale of utility scale development assets.
- Steve Dalton, CEO of Revolve commented: "We are delighted to announce the sale of our Bouse and Parker solar & storage projects to ENGIE.
- This is a significant transaction for the Company and marks the sale of our first utility scale projects from our US development portfolio.