Revolve Receives Approval From The Alberta Utilities Commission For The 15.7 MW Bright Meadows Solar Project

Approval a critical step on the path to construction in 2026

Revolve Renewable Power Corp. ("Revolve" or the "Company"), a North American owner, operator and developer of renewable energy projects, is pleased to announce that its wholly-owned subsidiary, Revolve Meadows Solar GP Inc., has received Power Plant Approval (Decision 29985-D01-2025) from the Alberta Utilities Commission (the "AUC") for the 15.7 MW Bright Meadows Solar Project ("Bright Meadows Project").

Located in in the County of Wetaskiwin, Alberta, approximately 80 km south of Edmonton, the Bright Meadows Project is a 15.7 MW solar power project that will generate enough renewable electricity to power more than 3,700 homes once operational. The project incorporates agrivoltaics to optimize solar energy production while preserving the agricultural value of the land. This innovative model minimizes land impact and supports long-term sustainability for rural communities.

"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," said CEO Myke Clark. "Revolve would like to thank the County of Wetaskiwin, the local community and our partners for their support through the AUC process. As we move through final design and construction planning, we remain committed to delivering positive benefits to the local community."

Along with the 6 MW Box Springs Wind Farm, the Bright Meadows Project will be Revolve's second operational asset in Alberta and is a key component in Revolve's growing portfolio of utility-scale projects being developed in Canada. This milestone allows Revolve to construct and operate the project, pending final interconnection approval and local permit requirements.

With this key AUC approval secured, Revolve will now advance the project with the goal of beginning construction in 2026. Key upcoming milestones include:

• Launch of Phase 1 of the geotechnical campaign to assess site soil conditions, followed closely by the more detailed Phase 2 geotechnical campaign.
• Initiation of a Request for Proposals to select a construction partner.
• Commencement of the process to secure a Power Purchase Agreement and project financing.
• Financial forecast. Revolve intends to build, own and operate the Bright Meadows Project, which, once operational, will substantially enhance the revenue and cashflow profile of the Company. Once fully commissioned, the Project is expected to generate annualized revenue in the range of C$2.8m to C$3.2m and EBITDA of between C$2.5m to C$2.8m. The Company intends to update these forecasts closer to construction commencing and as the commercial arrangements for the sale of electricity from the project are finalized. Construction on the Bright Meadows Project is targeted for the second half of 2026, with revenue generation commencing at commercial operation, which is targeted by the end of 2026.

The Bright Meadows Project is one of Revolve's largest late-stage development assets and is expected to contribute meaningfully to the Company's revenue-generating portfolio upon completion. Its approval reinforces Revolve's strategy of focusing on mid-size renewable energy assets that benefit from a faster development cycle and potential ease of interconnection. This model positions the Company for continued growth in Alberta and across North America.

"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," concluded Clark.