Revolve Renewable Power Corp. is pleased to provide an update on the ongoing development activity of its 250MW Parker Solar & Storage project (the “Parker Project”). Revolve is active on several utility scale solar, battery storage and wind projects in the US. This release is part of an ongoing effort to keep shareholders apprised of ongoing development activities at the Company’s portfolio of utility scale solar, battery storage and wind projects in the US and Mexico.
Parker Project Summary
The Parker Project is a 250MW solar and battery storage project, located on approximately 1,530 acres of land wholly managed by the Bureau of Land Management (the “BLM”) in La Paz County, 9 miles southeast of Parker, Arizona (see figure 1). The entire project site is located in a solar variance area as identified in BLM’s Solar PEIS and Record of Decision (ROD) (BLM/DOE 2012, BLM 2012a). It has the capacity to provide electricity to an equivalent of approximately 300,000 homes. The site already benefits from excellent access through the existing state road network, and it is also in close proximity to existing transmission infrastructure.
Considerable progress has been achieved on the Parker Project over the last eighteen (18) months and it is now moving towards the mid-stage of development. The Company is targeting a RTB (ready to build) timeline of 2024 for the Parker Project.
Development activity on the Parker Project commenced in July 2021 and to date has consisted of securing the site control through the variance process with the BLM, interconnection and environmental field studies.
2023 Development Activities
The Company is planning to continue the development of the Project during 2023 with a particular focus on:
Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar and battery storage projects in the US and Mexico with a portfolio of c.3,600MW under development. The Company has a second division, Revolve Renewable Business Solutions which installs and operates sub 20MW “behind the meter” distributed generation (or “DG”) assets. Revolve Renewable Business Solutions currently has an operating portfolio of 2.85MW with an additional 6.2MW under construction.
Revolve has an accomplished management team with a demonstrated track record of taking projects from “greenfield” through to “ready to build” (or “RTB”) status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To-date, Revolve has developed and sold over 300MW of projects.
Going forward, Revolve is targeting 5,000MW of utility-scale projects under development in the US and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG assets.