2023-06-26 07:07 ET - News Release
Mr. Steve Dalton reports
REVOLVE AWARDED STATE LAND LEASE FOR AFTON SOLAR PROJECT IN NEW MEXICO, USA
Revolve Renewable Power Corp. has been awarded a land lease by the New Mexico Commissioner of Public Lands to construct a solar and battery storage project on state land in Dona Ana county, New Mexico.
This state land will form part of the 200-megawatt Afton solar and storage being developed by the company.
Afton solar and storage project summary
The Afton solar and storage project is a 200 MW solar and battery storage project, located on a 640-acre land parcel wholly owned and administered by the State Land Trust in Dona Ana county, 12 miles southwest of Las Cruces, N.M. The project site already benefits from excellent access through the existing state road network and is adjacent to both existing and planned transmission infrastructure. The company is targeting a RTB (ready to build) date during 2025 for the Afton solar and storage project.
Development highlights
As a result of the primary land position being secured through the award of the state land lease the company will now accelerate development works on the project over the coming 12 months. These development works are expected to be as follows:
- Interconnection -- The Afton solar and storage project is located adjacent to the existing high-voltage transmission network in the state. In addition to this there are plans to significantly upgrade the transmission network across southern New Mexico to facilitate the transmission of wind and solar energy between New Mexico and Arizona. These upgrades are currently planned to be located within close proximity of the project site. An interconnection application for the project is expected to be submitted later this year.
- Permitting -- An initial plan of development has already been completed including an initial analysis of the environmental and cultural resources related to the project site. The company will now look to finalize a permitting schedule for the project with the majority of these permitting works expected to commence in 2024.
- Basic engineering -- The company is also in the process of appointing a third party engineering firm to begin basic engineering works, which will focus on a preliminary design of the project layout.
About Revolve Renewable Power Corp.
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 United States and Mexico with a portfolio of 2,838 MW under development. The company has a second division, Revolve Renewable Business Solutions, which installs and operates sub-20 MW behind the meter distributed generation (or DG) assets. Revolve Renewable Business Solutions currently has an operating portfolio of six MW with an additional three MW under construction.
Revolve has an accomplished management team with a demonstrated 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 1,550 MW of projects.
Going forward, Revolve is targeting 5,000 MW of utility-scale projects under development in the U.S. and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG assets.
We seek Safe Harbor.