Skip to main content

mgm grand

See All Stories

MGM Resorts introduces 100-megawatt solar array to power 13 hotels on Las Vegas Strip

MGM Solar Las Vegas

Sin City is going solar, thanks to MGM Resorts International ($MGM), who just launched a new 100-megawatt (MW) solar array capable of offering up to 90% of daytime power to the company’s 13 resorts scattered across the Las Vegas Strip. This includes hotels like Aria, MGM Grand, and The Mirage. The solar array will support the hospitality company’s climate-conscious goals set for 2030.

Expand Expanding Close

Tesla gets ~$20 million for the Gigafactory by selling tax credits to MGM Grand Casino [Updated]

tesla-gigafactory-june-2016-51-e1464828545191

When Tesla inked a deal with the state of Nevada to build its giant battery factory near Reno, it was widely reported that Tesla received $1.3 billion in tax incentives. While the deal could be worth close to the amount over a 20-year period, it is not clear how much Tesla is currently getting from the state because it was awarded as sales and property tax abatements, transferable tax credits (TTC) and discounted electricity rates.

Through documents recently released by the Nevada Governor’s Office of Economic Development (GOED), we now learn that Tesla started profiting from transferable tax credits by selling around $20 million worth to MGM Grand Casino.

Expand
Expanding
Close