13:41:11 EDT Mon 06 Apr 2026
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Revolve Renewable Power Corp
Symbol REVV
Shares Issued 83,835,973
Close 2026-04-02 C$ 0.18
Market Cap C$ 15,090,475
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Revolve Renewable obtains 130MW Mexico wind grid deal

2026-04-06 11:47 ET - News Release

Mr. Myke Clark reports

REVOLVE SIGNS INTERCONNECTION AGREEMENT FOR 130 MW EL 24 WIND PROJECT IN MEXICO

Revolve Renewable Power Corp. has executed the final interconnection agreement with the Comision Federal de Electricidad (CFE) for its 130-megawatt (MW) EL24 wind project, located in Tamaulipas, Mexico, completing a major milestone for the development of the project.

The interconnection agreement defines the technical and commercial terms under which EL24 will connect to, and deliver power into, Mexico's national electricity grid. The execution of this agreement is a key milestone in the project's development life cycle, confirming the project's grid access rights, connection capacity and point of interconnection.

In addition to this the company has also received approval from SEMARNAT, Mexico's federal Secretariat of Environment and Natural Resources, for the first environmental permit required for the project site, securing another important milestone.

"Securing the final interconnection agreement for EL24 is a defining milestone for this project," said chief executive officer Myke Clark. "Interconnection certainty is often the single most difficult and value-accretive development achievement for a project of this scale. Securing the interconnection agreement derisks the project significantly, confirms our grid access rights and puts EL24 firmly on the path to ready-to-build status. We are proud of the disciplined execution that has brought EL24 to this point and look forward to delivering further catalysts as we complete the remaining steps on EL24."

EL24 has already received a final generation permit from the Comision Nacional de Energia (CNE), Mexico's federal regulator for the renewable energy sector. The project was one of only five wind projects across the entire country granted a generation permit by CNE in its recent procurement process. With the interconnection agreement signed and the generation permit secured, Revolve will focus on:

  • Completing final engineering and turbine optimization;
  • Evaluating commercial pathways, including construction financing, strategic partnerships and potential monetization opportunities;
  • RTB targeted for late 2026;
  • Commercial operation date targeted for 2028.

The company will continue to update shareholders as further milestones are reached for the project over the coming months.

About Revolve Renewable Power Corp.

Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the United States, Canada and Mexico. Revolve also installs and operates sub 20 MW behind the meter distributed generation (or DG) assets. Revolve's portfolio includes the following:

  • Operating assets: 13 megawatts (net) of operating assets under long-term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;
  • Development: a diverse portfolio of utility-scale development projects across the U.S., Canada and Mexico with a combined capacity of over 3,000 MW as well as a 140-plus MW distributed generation portfolio that is under development.

Revolve has an accomplished management team with a demonstrated record of taking projects from greenfield through to ready-to-build status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To date, Revolve has developed and sold over 1,550 MW of projects.

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