Revolve Renewable Power Corp said that development activity at its 49.6MW Primus Wind project began in August 2021 and has to date consisted of securing site control, interconnection, and energy resource assessment.
In an update, the company said it has signed a number of lease option agreements with various private landowners, providing sufficient land for the full capacity targeted for this phase of the project. These agreements provide Revolve with an option to enter into long-term leases of up to 25 years to allow for the construction and operation of the project.
The project is located close to the existing transmission network in the state of Colorado and there are plans to significantly upgrade the network across the Eastern Plains in the state to facilitate the continued expansion of renewable energy generation projects. The company applied for an interconnection informational study with Tri State Generation and Transmission Inc. in late 2021. The study seeks to provide a detailed overview of the likely interconnection methodology for the Primus project.
"Based on this study the company made the decision to apply to Tri State for interconnection for the Primus Project. An interconnection application was submitted to Tri State in May of this year with the Phase One study results due to be released during Q1 2023," the company said.
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Revolve said that energy resource assessment consists, in the first instance, of the installation of a meteorological mast at the project site to collect climatic data over a minimum of 12 months. Over the course of this year, the company obtained a permit from the local county office for the installation of a met mast at the project site. Installation was completed in September by Harness Energy LLC, a specialist met tower installation and repair company based in Colorado and data collection has now commenced.
2023 Development Activities
The company plans to continue the development of the project during 2023, focusing on:
- Interconnection - completion of the Phase One study by Tri State and subject to the results of this study the company will continue to the next phase of the interconnection process.
- Permitting - the company is in the process of completing a permitting schedule for the Project. It expects to commence work on various county and state permits required for the Primus Project once the Phase One interconnection study has been received. These will take between 12 to 15 months to secure once applied for.
- Energy Resource - following the collection of 12 months of wind data the company will commission an energy yield assessment report, which will outline the electricity expected to be generated by the project under various scenarios and utilizing different types of wind turbines.
- Basic Engineering - the company will appoint a third-party engineering firm to begin basic engineering works, which will focus on a preliminary design of the project layout and location of the turbines. These activities should be completed during Q1 2023.
Revolve is targeting a ready-to-build date during 2024 for the Primus project.
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 around 3,600 megawatts (MW) under development. The company has a second division, Revolve Renewable Business Solutions which installs and operates sub 20MW "behind the meter" distributed generation assets. Revolve Renewable Business Solutions currently has an operating portfolio of 2.85MW with an additional 6.2MW under construction phase.
Contact the author at jon.hopkins@proactiveinvestors.com