Casino operator Melco Resorts and Entertainment Ltd states it has contracted another Macau business, Man Io Energy, to install the city’s biggest array of solar panels to supply electricity to two Melco Resorts establishments. Melco Resorts said in a written announcement issued on Wednesday that the system comprised 18,000 photovoltaic panels covering almost 30,000 square metres (329,000 square feet) of rooftop at its City of Dreams and Studio City casino resorts.
The press release said the system would eventually have the capacity to generate nearly 7.7 million kilowatt-hours of electricity a year – the amount 1,500 average households would consume in a year. Using solar power would reduce carbon dioxide emissions into the environment by more than 6,000 tonnes per year – an amount that it would otherwise take 260,000 trees a year to absorb, claimed Melco Resorts.
The announcement quoted Man Io Energy director of business development Sam Liu as saying: “The vast scale of the system has never before been seen in Macau.” Melco Resorts stated the arrangement showed its support for the development of small- and medium-sized enterprises in Macau, and its focus on sustainability. The company claimed it was the first Macau operator to install “on-site renewable energy technology” in one of its casino resorts.
The biggest shareholder in Nasdaq-listed Melco Resorts is gaming magnate Lawrence Ho Yau Lung’s Hong Kong-listed Melco International Development Ltd.
Oct 01, 2020Casino gross gaming revenue (GGR) in Macau fell by 90.0 percent year-on-year in September, to MOP2.21 billion (US$277 million), according to data from the city’s Gaming Inspection and Coordination...
Sep 30, 2020
”Everyone’s expectation is to do a percentage of the past year’s [casino revenue in Macau during China’s National Day Golden Week holiday]. No one is expecting to have an immediate rebound"
Vice chairman and chief operating officer of casino operator Wynn Macau Ltd