MGM Resorts Unveils Mega Solar Array Project to Energy 13 Las Vegas Strip Casinos
Posted on: June 28, 2021, 04:38h.
Final updated on: June 28, 2021, 05:01h.
On Monday, MGM Resorts International switched on its 100-megawatt solar park, the largest created by a firm in the hospitality market.
The Mega Solar Array project lies across 640 acres in the desert northeast of Las Vegas and will supply energy to the operator’s Las Vegas casino empire and its 36,000 hotel rooms. Its 323,000 solar panels will be sufficient to supply 90 percent of the daytime energy demands of MGMs 13 Strip casinos, the company stated.
The website is positioned within the Dry Lake Solar Power Zone, a single of 19 zones nationwide designated by the Obama administration to encourage utility-scale solar energy.
The launch is a major milestone in MGM’s goal of lowering carbon emissions by 45 percent per square foot all through its roughly 65 million square feet by 2025.
“With MGM Resorts’ important scale and resources, we’re positioned to make a meaningful distinction in the fight against climate alter, and we recognize our duty to construct a more environmentally sustainable future,” stated Bill Hornbuckle, CEO and president of MGM Resorts.
Today we’re marking a considerable step forward in our environmental sustainability initiatives in Las Vegas and our lengthy-term vision to defend the planet and achieve an enduring, optimistic influence in our communities worldwide,” Hornbuckle added.
MGM announced that it would be partnering with sustainable energy company Invenergy on the project’s development back in 2016, two years soon after the operator was in a position to extricate itself from its contract with the state energy monopoly, Nevada Power.
Several Las Vegas operators had been critical of the Berkshire Hathaway-owned business for raising prices and focusing on profit, while charging exorbitant exit costs that prevented them from pursuing environmental ambitions.
Ultimately, MGM chose to take the hit, paying a fee of $86.9 million for the privilege of not carrying out business with Nevada Energy. Nevada changed its laws in 2001 to permit specific buyers to opt out and buy their own electrical energy on the wholesale marketplace.
The MGM’s executive vice president and common counsel, John McManus, mentioned at the time the move would lessen the company’s environmental influence by “decreasing the use of energy and aggressively pursuing renewable power sources.”
“Our crucial is heightened by escalating consumer demand for environmentally sustainable destinations,” he added.
As the greatest resort owner on the Strip, MGM consumes the most energy. But its most significant competitors have also progressively left Nevada Power to pursue less costly and more renewable energy possibilities.
Till nowadays, Wynn Resorts was leading the pack. Its Wynn Solar Facility is a stand-alone solar project that opened in 2018 in Fallon, Nevada and began supplying the Wynn Las Vegas with up to 75% of the resort’s peak power needs.
In 2019, Wynn Las Vegas ranked ninth on the list of prime corporate solar installations in the US, according to the Solar Energy Industries Association, and was the only casino resort to rank as a top user of solar power.