By Conor Shine |Las Vegas Sun
A Chinese-backed company is pulling the plug on a multibillion-dollar solar project near Laughlin after it was unable to find customers for the power that would have been generated there, a Clark County spokesman said Friday.
In a letter dated Friday, an executive from ENN Mojave Energy LLC informed the county that the company was terminating its agreement to purchase 9,000 acres near Laughlin, stating that the “market will not support a project of this scale and nature at this time.”
The company, a subsidiary of ENN Group, described as the largest energy company in China, said it was unable to sign the necessary power purchase agreements to sell the energy generated from the solar plant to utilities in Nevada or neighboring states.
When the plan was initially pitched to commissioners, developers said they planned to first build a solar panel factory followed by a massive solar energy plant on land 90 miles south of Las Vegas.
If you’d like to discuss energy issues, contact Court Rich, Co-Chair of Rose Law Group’s
Renewable Energy Department at crich@roselawgroup.com
