Dive Summary:
- The Chinese-owned Mojave Energy LLC has terminated plans to build a $6 billion solar project near Laughlin, Nevada after failing to find a buyer for the electricity.
- A subsidiary of the China-based ENN Group, Mojave planned to build a solar panel factory and solar energy plant on 9,000 acres of land. But ENN couldn’t secure a power purchase agreement from any utilities in Nevada or neighboring states.
- The project, 90 miles from Las Vegas, would have generated enough electricity for 200,000 homes and created 2,200 permanent jobs.
From the article:
"County officials had hailed the project with a price tag of up to $6 billion, saying it would have created up to 2,200 permanent jobs when completed and provided a boost to the economy."
