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Revolve Renewable Power Corp. is happy to announce that the United States Bureau of Land Management (BLM) has informed the Company that the Company’s right of way/variance application for the 250-MW Parker Solar and Storage Project (Parker Project), located in La Paz County (Arizona) has been approved for further processing.

Highlights

1.The Parker Project, a 250MW solar/battery storage project, is located on 1,530 acres of land in La Paz County 9 miles southwest of Parker, Arizona. The entire site of the project is in a solar area, as defined by BLM’s Solar PEIS (BLM/DOE 2012,BLM 2021a) and Record of Decision (ROD). It can provide electricity for approximately 300,000 homes.

2. The Company will now proceed with the BLM approval process. This will include completing an environmental review of the Parker Project in accordance with the National Environmental Policy Act (“NEPA”) from 1969 as well as all applicable laws, regulations, and policies.

3. The following are the expected development activities for Parker Project in the remaining 2022:

• Completion field studies, including assessments of biological, cultural and aquatic resources;

• The Western Area Power Administration (“WAPA”) continues the interconnection study for the Parker Project.

• Revision and modification of the plan for development of the project.

Revolve Parker Solar LLC. is a 90%-owned subsidiary of the Company. In September 2021, the BLM submitted a right of passage (SF299) application. This application included a Plan of Development as well as Variance Factor Analysis. The Company submitted the SF299 Application and has been working with the BLM according to the BLM’s right-of-way regulations (43 CFR 2280) in order to obtain approval for the Parker Project.

The process involved several preliminary meetings with federal and state agencies, tribal consultation, and a public meeting on February 2, 2022. After this process was completed, the Company received official notification from the BLM that the Parker Project has been approved for further processing.

The Company confirms that it has hired Wood Group Inc. as its global engineering consulting firm to conduct the required field studies in support of the NEPA process. The biological field studies have begun and will be completed over the next few months. Aquatic and cultural resource assessments will be completed in Q1 2023.

Steve Dalton, CEO at Revolve, said, “Completion the variance approval process was a major milestone in the development of Parker Project. It is the result of excellent work by Revolve development team that worked closely with the BLM for the past 10 months. As the project progresses into the NEPA process, we look forward to continuing our work with the BLM as well as our external consultants.”