In a significant stride toward achieving its sustainability objectives, MGM Resorts International has announced a landmark power purchase agreement (PPA) with Escape Solar. This 25-year deal is set to substantially boost the company’s access to clean solar electricity, bringing MGM Resorts closer to its ambitious target of sourcing 100% of its electricity from renewable sources in North America by 2030.
A Glimpse into the Power Purchase Agreement
The newly inked agreement with Escape Solar involves the Escape Solar + Storage project, a major renewable energy initiative that will be located in Lincoln County, Nevada. Scheduled to commence operations in early 2026, this project is poised to generate renewable electricity equivalent to the annual power consumption of over 28,000 average American homes.
This development is not just a numeric milestone; it represents a transformative shift in MGM Resorts’ energy consumption patterns. Currently, the company utilizes solar power to meet 90% of its daytime energy needs across 11 of its Las Vegas Strip properties. The new agreement is set to elevate this coverage to 100% for daytime operations and extend the supply of renewable power into the early evening hours. This extension will cover energy needs such as exterior lighting, thereby reducing the reliance on non-renewable energy sources during these hours.
Strategic Impact on MGM Resorts’ Operations
The agreement is expected to play a pivotal role in MGM Resorts’ strategy to meet its science-based targets for sustainability. By securing a substantial increase in solar power, MGM Resorts is not only enhancing its operational efficiency but also reinforcing its position as a leader in the hospitality industry’s move towards greater environmental responsibility.
Bill Hornbuckle, CEO and President of MGM Resorts, expressed enthusiasm about this advancement. He stated, “This agreement is the next step toward the achievement of our climate goals. We have our eyes on meeting our science-based targets and goal of sourcing 100% of our electricity in North America from renewable sources by 2030.”
Hornbuckle emphasized the company’s ongoing commitment to reducing its carbon footprint and conserving resources, highlighting the importance of inspiring other organizations to contribute to a more sustainable future.
Perspectives from Industry Leaders
Jill Daniel, CEO of Estuary Power, also weighed in on the agreement, noting the dual impact of the project on both environmental and economic fronts. “Estuary is delighted to contribute to MGM Resorts’ industry-leading renewable energy objectives by supplying solar energy and battery capacity from our Escape Solar project,” Daniel said.
She further highlighted the significant environmental benefits of the project, stating that MGM Resorts’ purchase of renewable energy from Escape Solar will result in a reduction of nearly 250,000 metric tons of carbon emissions annually. Additionally, the project will bring economic advantages to Lincoln County, Nevada, as the first utility-scale solar initiative in the county. It is expected to create over 250 well-paying construction jobs, thereby stimulating local economic growth.
Historical Context of MGM Resorts’ Renewable Energy Initiatives
MGM Resorts has a history of pioneering renewable energy projects. The company’s commitment is exemplified by its Mega Solar Array in Las Vegas, which consists of 323,000 solar panels, among other solar installations across its properties. These previous projects have set the stage for this latest agreement, reflecting MGM Resorts’ ongoing dedication to advancing sustainability in its operations.
Looking Ahead: Future Sustainability Goals
As MGM Resorts continues its journey towards greater sustainability, this new power purchase agreement marks a significant milestone in its broader strategy. The company’s efforts align with global trends towards renewable energy and set a benchmark for the hospitality industry.
MGM Resorts International’s agreement with Escape Solar not only signifies a major step towards achieving its renewable energy goals but also underscores its commitment to environmental stewardship and economic development. As the company prepares for the operational launch of the Escape Solar + Storage project in 2026, it remains steadfast in its mission to inspire sustainable practices within the industry and beyond.