LAUGHLIN -- ENN Mojave Energy representatives informed Clark County officials today that they could not obtain power purchase agreements with utility companies within necessary contract deadlines, thus triggering an automatic termination of an agreement to create a solar power generation, manufacturing and research facility on 9,000 acres in southern Clark County.
“ENN is grateful for the assistance that the County has provided in its efforts to bring the project envisioned by the Agreement to fruition,” ENN Senior Vice President Tim Carlson wrote in a letter to the County. “Chairman [Steve] Sisolak’s efforts to provide economic development to the Laughlin area were a constant as ENN attempted to move this project to the development stage. Unfortunately, the market will not support a project of this scale and nature at this time.”
County officials said the agreement was aggressive in its timetable because of the county’s desire to quickly initiate economic development benefitting Laughlin. Under the terms of the option/purchase agreement with the County, ENN needed to obtain sufficient PPAs in order to exercise the option to purchase Phase 1 of their project’s land in Laughlin, about 90 miles south of Las Vegas.
The PPAs had to be secured by this month, according to the agreement approved by the County Commission in December 2011, and automatically terminated Thursday.
County staff will provide a report to the County Commission at its meeting July 2 about moving forward with the economic development of the 9,000 acres.
“Economic development and job creation must remain our focus,” Sisolak said. “I am grateful that ENN spent a lot of time and effort to move its project forward. I know they did what they could.”
-- From news release