The US Interior Department said it greenlighted a $1 billion plan to build the largest solar project in the country's history, APA reports citing Sputnik.
"US Secretary of the Interior David L. Bernhardt signed the Record of Decision (ROD) for Solar Partners XI, LLC to construct a 690-MW photovoltaic solar electric generating facility and ancillary facilities about 30 miles northeast of Las Vegas", the Interior Department said in a statement on Monday.
The estimated $1 billion Gemini Solar Project, the release added, is expected to generate enough electricity to power 260,000 homes in the Las Vegas area and southern California. In addition to being the biggest in US history, the project could also end up being the eighth largest of its kind in the world, the release said.
The project is expected to generate renewable electricity that would offset greenhouse emissions of about 83,000 cars on an annual basis, according to the release. The release also said the project could create up to 2,000 jobs and will inject over $712 million into the local economy.
According to the Department, the Project is expected to be constructed in two phases. The first phase of power could come on-line in 2021 with final completion as early as 2022. Federal revenues are expected to be more than $3 million annually to the US Treasury.