Revolve Receives Generation Permit Approval for 130 MW El 24 Wind Project in Mexico

Executive Summary

• Revolve Renewable Power Corp. received the final Generation Permit from Mexico’s Comisión Nacional de Energía (CNE) for its 130 MW El 24 Wind Project, one of only five wind projects nationwide to obtain this authorization.
• The permit removes remaining regulatory risk, advances the project toward “ready‑to‑build” status, and enables accelerated financing, interconnection agreements, and potential monetization discussions.
• Targeted timeline: final engineering and turbine optimization completed by late 2026 (RTB), with commercial operation expected in 2028.

Key Details

• Permit Issuance: Generation Permit approved on 19 December 2025; represents the key authorization required for electricity generation and export to Mexico’s grid.
• Project Capacity: 130 MW utility‑scale onshore wind development located in Tamaulipas, Mexico.
• Regulatory Significance: Provides certainty over installed capacity, generation rights, and compliance with national electricity framework; substantially reduces development risk.
• Interconnection Progress: Revised interconnection application submitted November 2025; technical study results from CENACE accepted; final interconnection agreement anticipated February 2026.
• Next Steps:
• Complete final engineering design and turbine optimization.
• Advance interconnection agreements and grid integration planning.
• Evaluate financing structures, strategic partnerships, and potential sale/monetization options.
• Timeline Targets: Ready‑to‑Build (RTB) by late 2026; Commercial Operation Date (COD) targeted for 2028.
• Strategic Context: Mexico’s 2025 federal energy plan calls for ~5,970 MW of new private wind/solar capacity between 2026‑2030; El 24 is in a preferred location under this plan, positioning it for priority treatment and expedited permitting.
• Future Opportunities: Company will assess the 2026 qualification window to potentially register its 400 MW Presa Nueva Wind Project for accelerated evaluation.

Notable Quotes

“Securing the final generation permit for El 24 is a defining value‑creation milestone,” said CEO Myke Clark. “This is the same stage of development where we have historically unlocked significant shareholder value… By systematically advancing El 24 through late‑stage permitting, we are executing a proven strategy that has delivered strong outcomes.”

The release also includes a clarification regarding a November 2025 unit financing note; this information is ancillary to the primary material announcement.