Mr. Myke Clark reports

REVOLVE SIGNS DEFINITIVE AGREEMENTS FOR PORTFOLIO OF 16 DISTRIBUTED GENERATION SOLAR PROJECTS IN MEXICO

Revolve Renewable Power Corp. has commenced construction on a portfolio of distributed generation solar projects in Mexico with a total capacity of 2.8 megawatts (MW). The portfolio will be added to the three MW of operating assets Revolve currently owns in Mexico. The portfolio is expected to generate annual revenue in the range of $620,000 (U.S.) to $922,000 (U.S.), with annual EBITDA (earnings before interest, taxes, depreciation and amortization) estimated in the range of $533,000 (U.S.) to $794,000 (U.S.), from the sale of electricity to the commercial customer.

A power purchase agreement (PPA), an engineering, procurement and construction (EPC) agreement, and an operations and maintenance (O&M) agreement were executed on March 4, 2026, for a portfolio of 16 distributed generation solar projects to be installed for a chain of department stores across Mexico. The portfolio has an estimated capital cost of $2.7-million (U.S.), which will be financed by a combination of cash from the company's balance sheet and project level debt. The first phase of the 16 projects is now under construction, and the entire portfolio is expected to be fully constructed and operational by August, 2026.

"This portfolio is a significant milestone for Revolve as we deploy our first portfolio of projects with a new partner in Mexico," said chief executive officer Myke Clark. "Signing these agreements for 16 solar projects for a department store chain reflects the depth of our operational capabilities in Mexico, and our ability to originate, structure and execute distributed generation opportunities at scale. These 16 projects will add a strong additional recurring revenue stream from distributed generation and form the basis for additional projects with RER Energy. We look forward to delivering clean, cost-effective power solutions to commercial customers across Mexico."

Following the recent strategic financing completed by Revolve, the company intends to expand its behind the meter power solutions platform. A key part of this platform in Mexico is the partnership with RER Energy (announced on Oct. 9, 2025). The announcement today focuses on the first 2.8 MW portfolio identified as part of an initial five MW pipeline. The work completed with RER Energy to date is expected to streamline the delivery of additional projects with standard project documentation and processes now agreed.

Mexico's distributed generation market grew by 32 per cent in 2024, expanding from 3.4 gigawatts to 4.4 GW, primarily driven by solar installations (BNamericas, 2024). Distributed generation is projected to reach 11.8 GW of installed capacity by 2030, according to SEDECO, CDMX. Behind-the-meter solar additions rose by 1.09 GW in 2024, representing a 35-per-cent year-over-year increase, with more than 518,000 net-billing contracts now active across Mexico (Energy Tracker Asia, August, 2025). This growth is being fuelled by companies seeking on-site power solutions, decarbonization goals, industrial nearshoring demand and the government's target of 45-per-cent-renewable electricity by 2030 under President Claudia Sheinbaum's National Energy Plan.

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-megawatt (MW) behind the meter distributed generation (or DG) assets. Revolve's portfolio includes the following:

• Operating assets: 13 MW (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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