Revolve Awarded State Land Lease for Afton Solar Project in New Mexico, USA

VANCOUVER, BC / ACCESSWIRE / June 26, 2023 / Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF); ("Revolve" or the "Company"), an owner, operator and developer of renewable energy projects, is pleased to announce that the Company has been awarded a land lease by the New Mexico Commissioner of Public lands to construct a solar and battery storage project on state land in Dona Ana County, New Mexico.

This state land will form part of the 200MW Afton Solar & Storage being developed by the Company.

Afton Solar & Storage Project Summary

The Afton Solar & Storage Project is an 200MW solar and battery storage project, located on a 640 acre land parcel wholly owned and administered by the State Land Trust (the "State Trust") in Dona Ana County, 12 miles south west of Las Cruces, New Mexico. The project site already benefits from excellent access through the existing state road network and is adjacent to both existing and planned transmission infrastructure. The company is targeting a RTB (ready to build) date during 2025 for the Afton Solar & Storage Project.

Development Highlights

As a result of the primary land position being secured through the award of the State land lease the Company will now accelerate development works on the Project over the coming 12 months. These development works are expected to be as follows:

• Interconnection - the Afton Solar & Storage Project is located adjacent to the existing high voltage transmission network in the state. In addition to this there are plans to significantly upgrade the transmission network across Southern New Mexico to facilitate the transmission of wind and solar energy between New Mexico and Arizona. These upgrades are currently planned to be located within close proximity of the Project site. An interconnection application for the Project is expected to be submitted later this year.
• Permitting - an initial plan of development has already been completed including an initial analysis of the environmental and cultural resources related to the Project site. The Company will now look to finalize a permitting schedule for the Project with the majority of these permitting works expected to commence in 2024.
• Basic Engineering - the Company is also in the process of appointing a 3^rd party engineering firm to begin basic engineering works, which will focus on a preliminary design of the project layout.

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