MGM Resorts may get approval for two 100 megawatt major solar power projects due to the massive drop in cost of renewable energy. The cost of energy for the solar projects is expected to be $50 per megawatt hour, which falls below the rate of gas standing at $61-127 per megawatt hour and coal at $66-151 MwH. If approved, the project could be completed as soon as December 2016.
Nevada Power may get approval for two 100 megawatt major solar power projects due to the massive drop in cost of renewable energy. The cost of energy for the solar projects is expected to be $50 per megawatt hour, which falls below the rate of gas standing at $61-127 per megawatt hour and coal at $66-151 MwH. If approved, the project could be completed as soon as December 2016.