MGM Resorts Signs Agreement to Expand Renewable Energy Use

Hospitality industry leader will more than double solar electricity access

By MGM Resorts International | Published 4 weeks ago | About a 1 minute read

MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") is making a bold leap toward its ambitious sustainability goals, signing a power purchase agreement with Escape Solar LLC that will more than double its access to clean solar electricity—an extraordinary stride toward a greener future. The agreement will help propel the Company closer to its goal of procuring 100% renewable electricity in North America by 2030. Already a global leader in sustainability with the world's largest direct connect solar array in the hospitality industry, MGM Resorts currently uses solar power for 90% of the total daytime needs at 11 of its iconic Las Vegas Strip properties. This visionary 25-year compact will amplify the Company's renewable energy capabilities and extend production to cover 100% of those properties' total daytime needs. In addition, Escape Solar +'s battery storage will enable the extension of renewable power provided into the late afternoon and early evening hours to include uses such as exterior property lighting.

Read full story here.