Resorts World Las Vegas (RWLV), the US$4 billion Chinese-themed Las Vegas Strip integrated resort being developed by Genting Group, has become the latest property to sign a long-term deal with public utility NV Energy.
The 20-year agreement will see NV Energy provide a fully-bundled electric service using 100% renewable energy, pending approval by the Public Utilities Commission of Nevada.
“As we are developing the newest and most exciting integrated resort to be built from the ground-up on the Las Vegas Strip in recent years, it was important to us that we do so in an efficient and environmentally sustainable manner,” said RWLV President and CEO Scott Sibella.
“NV Energy came to the table with new and better solutions to help us meet these goals now and into the future.”
According to the Las Vegas Review-Journal, six major Las Vegas companies have left NV Energy since 2005 in search of cheaper and more sustainable energy options. However, while a number of other firms have reportedly considered a similar move, many of them have recently signed similar long-term deals with NV including Las Vegas Sands, Golden Entertainment, Station Casinos, The Cosmopolitan of Las Vegas and the Las Vegas Convention and Visitors Authority.