MGM, NRG Solar Announce Commercial Solar Project
MGM Resorts International (NYSE: MGM) and NRG Energy, Inc. (NYSE: NRG), through its wholly owned subsidiary NRG Solar, today announced the planned installation of one of the largest rooftop solar photovoltaic arrays in the world at the Mandalay Bay Resort Convention Center in Las Vegas. The 6.2-megawatt installation will be MGM Resorts' first commercial solar project in the United States and will generate enough electricity to power the equivalent of 1,000 homes.
The announcement was made at a news conference in Las Vegas featuring U.S. Senator Harry Reid and Secretary of the Interior Sally Jewell in advance of the National Clean Energy Summit 6.0 on August 13, 2013 at Mandalay Bay.
At peak production, the rooftop array is expected to produce nearly 20 percent of the Mandalay Bay's power demand. This in turn will also lower demand on the southern Nevada electricity grid at the hottest time of the day, decreasing the need to import energy from outside the local energy system thus reducing energy costs for the entire Las Vegas system.
"Integrating environmentally responsible practices throughout our