The Clark County commissioners have just unanimously approved selling 9,000 acres of county-owned land near Laughlin to Chinese solar panel firm ENN Energy for a fraction of appraised value.
As spelled out by the company’s representative, former U.S. Sen. and Gov. Dick Byran, ENN now has 21 months to negotiate purchase power agreements with whatever power company might be willing to take the electricity produced by the facility or the land reverts to the county. The company is relying on the fact so many states, including Nevada and California, have legislative rigged the power market to require public utilities to generate a certain percentage of its electricity from so-called renewable sources, such as solar and wind.
The sale price was $4.5 million even though the land had been appraised at $29 million to 38 million. ENN, if it goes forward, has promised to create more than 500 jobs.