Melco Resorts and Entertainment Limited inks solar power Venture

Asian casino operator, Melco Resorts and Entertainment Limited, has announced the signing of a deal that will see it associate with a local sustainable energy generation firm so as to launch Macau’s biggest solar energy array.

Two properties to benefit:

The Hong Kong-headquartered gambling company used a official Wednesday press release to detail that the alliance with Individual Io Energy is to involve some 18,000 solar photovoltaic panels being installed on the rooftops of its Studio City Macau and City of Dreams Macau incorporated casino resorts. It explained that the nearly 322,917 sq feet system will then have the ability to produce close to 7.7 million kilowatt hours of electricity every year, which is equal to the annual energy required to power a few 1,500 average families.

Recorded on NASDAQ’s Worldwide Select Market, Melco Resorts and Entertainment Limited is also accountable for the Altira Macau and City of Dreams Manila incorporated casino resorts as well as Macau’s Mocha Clubs series of electronic gaming machine parlors. It said that the coming solar panel array is moreover predicted to reduce both giant possessions ’ annual carbon dioxide emissions from in excess of 6,000 tons, which would be the identical amount of the deadly gas as is consumed by roughly 260,000 trees every year.

Sam Liu, Business Development Director for Man Io Energy, declared that he was ‘thrilled’ to have been granted a chance to associate with Melco Resorts and Entertainment Limited so as to establish a ‘pioneering sustainability project for Macau’s hospitality and gaming industry.

Liu’s statement read…

“The vast scale of the system hasn’t been observed in Macau and, through the ongoing partnership with Melco Resorts and Entertainment Limited, our firm has gained valuable knowledge and on-the-field expertise to establish its foundation as a forerunner in the region of sustainable energy. ”