Revolve Announces Proposed Acquisition of Canadian Renewable Energy Operator and Developer, WindRiver Power Corporation - Seite 2

We look forward to working with the WindRiver team towards completion of the transaction in the coming months."

WindRiver Background
WindRiver was established in 2008 as a developer of wind and hydro projects in Canada. It has since built a successful track record in the industry completing the development of a number of projects across both British Columbia and Alberta totalling over 200MW's.

WindRiver currently holds equity interests in the following portfolio of projects:

Operating Projects

• 6MW Box Springs Windfarm Project, located in Medicine Hat, Alberta, was commissioned in 2014 and consists of three Gamesa G90 turbines. The project sells electricity under a 20-year fixed price power purchase agreement with the City of Medicine Hat. WindRiver is a 51% shareholder in this project.
• 11MW Hunter Creek Hydro Project, a run-of-river hydro facility located in Hope, British Columbia. The project was developed by WindRiver and was commissioned in June 2018. It sells electricity to B.C. Hydro under a long term power purchase agreement. WindRiver is an indirect 21% shareholder in this project.
• 6MW Sakwi Hydro, located in Harrison Hot Springs, British Columbia. WindRiver was also the developer of this project and it was commissioned in Dec 2014. The project also sells electricity to B.C. Hydro under a long term power purchase agreement. WindRiver is an indirect 21% shareholder in the project.

(collectively the "Operational Projects")

Development Projects
In addition to the operating projects, WindRiver currently has two hydro development projects that it has been progressing through the development cycle for several years. These are the:

• 15MW Tamihi Creek Hydro Project, located in the Chilliwack River Valley near Chilliwack, British Columbia. WindRiver is the developer of the project and a 70% shareholder.
• 75MW Kinskuch Lake Hydro Project, located north of Terrace, British Columbia. The project has the potential to develop significant storage capacity, beyond "run-of-river", at Kinskuch Lake. WindRiver is the developer of the project and an 87.5% shareholder.

These projects are at varying stages of development with target ready to build dates in 2025-2026 subject to future power contracting opportunities with B.C. Hydro.