MGM Resorts' Las Vegas sites now powered by 100-MW solar array

MGM Resorts International (NYSE:MGM) on Monday dedicated a 100-MW solar power plant that is now providing up to 90% of its Las Vegas daytime power needs.

The solar park is powering the company’s 13 properties on the Las Vegas Strip, including Bellagio, ARIA, Mandalay Bay, MGM Grand and The Mirage.

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The 100-MW Mega Solar Array is located in the desert north of Las Vegas, Nevada and is said to be the hospitality industry's largest directly sourced renewable electricity project globally.

MGM Resorts consumes the solar park’s entire output under a 20-year power purchase agreement (PPA). The project was developed in partnership with developer Invenergy, which in early 2021 sold a 75% stake to AEP Renewables, a subsidiary of American Electric Power (NASDAQ:AEP).

MGM Resorts said the solar park’s launch is a significant step towards its 2025 goal to reduce its emissions by 45% per square foot. The company also announced new goals, including a commitment to source 100% renewable electricity in the US and 80% globally by 2030.

The solar installation consists of 323,000 panels and its annual generation will be equivalent to the power usage of about 27,000 average US homes.