Revolve Renewable gets OK from AUC for Bright Meadows

Executive Summary

• Revolve Renewable Power Corp.'s subsidiary received Power Plant Approval (Decision 29985-D01-2025) from the Alberta Utilities Commission (AUC) for the 15.7 MW Bright Meadows solar project.
• The approval allows Revolve to proceed with final interconnection and construction planning, with construction targeted for the second half of 2026 and commercial operation expected by the end of 2026.
• The project is expected to generate annualized revenue of $2.8 million to $3.2 million and EBITDA of $2.5 million to $2.8 million once operational, serving as Revolve's second operational asset in Alberta.

Key Details

• Regulatory Approval: Received Power Plant Approval (Decision 29985-D01-2025) from the Alberta Utilities Commission (AUC).
• Project Specifications:
  • Name: Bright Meadows Solar Project.
  • Capacity: 15.7 MW.
  • Location: County of Wetaskiwin, Alberta (approx. 80 km south of Edmonton).
  • Impact: Will generate enough renewable electricity to power more than 3,700 homes.
  • Technology: Incorporates agrivoltaics to optimize solar production while preserving agricultural land value.
• Financial Forecasts (Pre-Construction Estimates):
  • Annualized Revenue: $2.8 million to $3.2 million.
  • Annualized EBITDA: $2.5 million to $2.8 million.
  • Note: Company intends to update these forecasts closer to construction commencement and as commercial arrangements are finalized.
• Development Timeline & Milestones:
  • Construction Start: Targeted for the second half of 2026.
  • Commercial Operation: Targeted by the end of 2026.
  • Immediate Next Steps:
    • Launch Phase 1 geotechnical campaign (site soil conditions).
    • Launch Phase 2 geotechnical campaign.
    • Initiate Request for Proposals (RFP) to select a construction partner.
    • Commence process to secure a Power Purchase Agreement (PPA) and project financing.
• Strategic Context:
  • Bright Meadows will be Revolve's second operational asset in Alberta, joining the 6 MW Box Springs wind farm.
  • Reinforces strategy of focusing on mid-size renewable energy assets with faster development cycles.
  • Pending final interconnection approval and local permit requirements.

Notable Quotes

• Myke Clark, CEO: "AUC approval is the key regulatory permit required for the Bright Meadows solar project and we are now moving forward on the final interconnection and construction planning for this project... As we move through final design and construction planning, we remain committed to delivering positive benefits to the local community."
• Myke Clark, CEO: "Revolve is actively expanding its presence in Canadian provinces with strong renewable energy potential. In parallel, the company continues to evaluate and pursue additional utility-scale opportunities across North America, leveraging its proven development expertise to build a diversified and resilient portfolio of clean energy assets."