MGM Resorts Signs Agreement with Escape Solar to Expand Renewable Energy Usage

MGM Resorts International has entered into a power purchase agreement with Escape Solar LLC, aimed at increasing the use of solar energyThe agreement will help MGM move closer to its goal of sourcing 100% of its electricity from renewable sources in North America by 2030.

Currently, Solar power provides 90% of daily power needs at 11 MGM properties along the Las Vegas Strip. With this new 25-year agreement, MGM expects to meet 100% of the daily energy needs at these locations with renewable sources. The agreement also includes plans for battery storage, which will allow for solar power to be used in the late afternoon and early evening hours.

Escape Solar + Storage Project, Managed by Estuary Power, Set to Begin Construction in Lincoln County, NevadaThe project will consist of a 115-megawatt solar facility and a 100-megawatt/400-megawatt battery storage system capable of powering more than 28,000 average U.S. homes per year. Operations are scheduled to begin in 2026.

Bill Hornbuckle

“This agreement is another step towards achieving our climate goals. We focus on achieving our science-based goals and a goal of sourcing 100% of North America’s electricity from renewable sources by 2030,” he said Bill Hornbuckle, CEO and President, MGM Resorts.

MGM Resorts has already made progress in reducing its carbon emissions. In 2023, the company achieved its goals to reduce emissions per square foot by 45% by 2025 and is on track to achieve a 50% reduction by 2030.Major renewable energy projects include the 323,000-panel Mega Solar Array in Las Vegas, as well as solar installations at the Mandalay Bay Convention Center and MGM Springfield in Massachusetts.

Escape Solar + Storage Project Expected to Reduce MGM Resorts’ Carbon Emissions by Nearly 250,000 Metric Tons Per Year and create more than 250 construction jobs in Lincoln County, Nevada.

“Estuary is pleased to contribute to MGM Resorts’ renewable energy goals by providing solar energy and battery power from our Escape Solar project“ said Jill Daniel, CEO of Estuary Power. “In addition, Escape will generate significant economic benefits for Lincoln County, Nevada, as the first utility-scale solar project in the county and will create more than 250 good-paying construction jobs.”