LAS VEGAS, Oct. 7, 2020 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) is recognized for making significant
investments in clean energy according to the latest Solar Means
Business report released today by the Solar Energy Industries
Association (SEIA). The annual report tracks both on-site and
off-site installations, highlighting the strong appeal of
cost-saving solar energy for American businesses.
In 2018, MGM Resorts and Invenergy announced the development of
a 100-megawatt solar array. At full production, the MGM Resorts
Mega Solar Array, in Nevada, will
provide up to 90 percent of total daytime power needs across MGM
Resorts' 13 Las Vegas Strip properties, representing nearly 70
million square feet of buildings. Construction on the solar array
will be completed by mid-2021.
The MGM Resorts Mega Solar Array will produce enough electricity
to power the equivalent of approximately 27,000 homes for a year.
The array will be made up of 300,000 panels covering 700 acres and
MGM Resorts will use all the energy that the array generates.
"We're proud to be recognized by the SEIA for our commitment to
solar energy," said Henry Shields
Executive Director of Analytics for the MGM Resorts Design &
Development group. "Our multiple solar array projects embody not
only the long legacy we have for our environmentally responsible
practices, but also the hopes we have for future generations to
come."
In December 2019, MGM Resorts
built a 1.13-megawatt 3,000-panel solar canopy atop MGM
Springfield's parking garage. The array is expected to generate
more than 1,600 megawatt hours of electricity annually, enough to
power nearly 10% of the 2 million-square-foot casino, hotel and
entertainment complex.
In addition to building the MGM Resorts Mega Solar Array, in
2016 MGM Resorts completed expansion of the Mandalay Bay Convention
Center rooftop solar array. The expanded solar array has more than
26,000 photovoltaic panels and produces a combined 8.3 MW dc of
electricity. At full production, the system supplies 25% of the
power demand of the entire Mandalay Bay Resort & Casino
campus.
"The world's most recognizable brands are walking the walk when
it comes to their clean energy commitments," said Abigail Ross Hopper, president and CEO of SEIA.
"Businesses are choosing solar energy because it can significantly
curb their energy costs and add predictability during these
uncertain times. We expect that the corporate sector will make
greater investments in solar as businesses make and follow through
on clean energy commitments to address the climate crisis."
Solar Means Business 2019 tracks projects in all 50 states, with
traditionally strong solar markets like Arizona, New
York, North Carolina,
California, and New Jersey leading the way. For key takeaways,
interactive charts and rankings, and the report's underlying data,
visit www.SolarMeansBusiness.com.
Learn more about MGM Resorts' commitment to social impact and
sustainability here.
ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global
entertainment company with national and international locations
featuring best-in-class hotels and casinos, state-of-the-art
meetings and conference spaces, incredible live and theatrical
entertainment experiences, and an extensive array of restaurant,
nightlife and retail offerings. MGM Resorts creates immersive,
iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts
portfolio encompasses 29 unique hotel and destination gaming
offerings in the United States and
Macau, including some of the most
recognizable resort brands in the industry such as Bellagio, MGM
Grand, ARIA and Park MGM. The Company's 50/50 venture, BetMGM, LLC,
offers U.S. sports betting and online gaming through market-leading
brands, including BetMGM and partypoker. The Company is currently
pursuing targeted expansion in Asia through the integrated resort opportunity
in Japan. Through its "Focused on
What Matters: Embracing Humanity and Protecting the Planet"
initiative, MGM Resorts commits to creating a more sustainable
future, while striving to make a bigger difference in the lives of
its employees, guests, and in the communities where it operates.
The global employees of MGM Resorts are proud of their company for
being recognized as one of FORTUNE® Magazine's World's Most Admired
Companies®. For more information, please visit us at
www.mgmresorts.com. Please also connect with us @MGMResortsIntl on
Twitter as well as Facebook and Instagram.
Media Contact
Kenthea Pedraza
MGM Resorts International
Kpedraza@mgmresorts.com
702-690-8358
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SOURCE MGM Resorts International