Revolve Signs Interconnection Agreement for 130 MW EL 24 Wind Project in Mexico

• On April 6 2026 Revolve announced execution of the final interconnection agreement with Mexico’s Comisión Federal de Electricidad (CFE) for its 130 MW EL 24 wind project in Tamaulipas.
• The company also received the first required environmental permit from SEMARNAT, adding a second critical regulatory milestone.
• With both the interconnection agreement and generation permit already secured (generation permit obtained Dec 2025), Revolve targets “Ready‑to‑Build” status by late 2026 and commercial operation by 2028, while evaluating financing and partnership options.
• The agreement defines technical and commercial terms for connecting EL 24 to Mexico’s national grid; the CEO noted it significantly de‑risks the project and confirms grid access rights.

• The interconnection step was anticipated after the generation permit approval in December 2025 and the February 2026 interconnection request filing.
• Completion aligns with the previously disclosed timeline (final agreement expected in coming weeks per Q2 FY2026 results) and does not represent a surprise or acceleration beyond management’s guidance.
• While the milestone reduces regulatory risk and moves EL 24 closer to construction, its impact is incremental relative to the company’s market cap (~$15 M) and the size of the project (130 MW).
• Therefore the news is routine‑positive – an expected, follow‑up development that validates prior progress but does not materially alter valuation expectations.

Revolve Renewable Power Corp. develops utility‑scale wind, solar, hydro and battery storage projects across North America, with a growing operating portfolio in Mexico and Canada. - Flagship project: EL 24 wind farm – 130 MW onshore wind in Tamaulipas, Mexico. Secured generation permit (Dec 2025) and interconnection agreement (Apr 2026); targeting RTB late 2026, COD 2028. - Other key assets:
- Bright Meadows Solar Project – 15.7 MW in Alberta, Canada (Power Plant Approval received Sep 2025; interconnection Stage 3 underway).
- Distributed‑generation solar portfolio in Mexico – 2.8 MW under construction for a major department‑store chain, expected Aug 2026 completion, with $0.62‑$0.92M annual revenue and $0.53‑$0.79M EBITDA forecast.
- Legacy operating assets (~13 MW) generating stable recurring revenue from wind/solar holdings in Mexico and Canada. - The company also holds a 30 % interest in Pacific Slope Power Limited Partnership (hydro projects) and maintains various development‑stage projects in the U.S. (Vernal BESS, Primus Wind).