Potential offtaker

Caesars Entertainment

www.caesars.com

Estimated electricity consumption

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Countries of production presence

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Caesars Entertainment is a renowned American gaming and hospitality company that owns and operates a diverse portfolio of casinos, resorts, and hotels across the United States and internationally. The company is headquartered in Las Vegas, Nevada, and is known for its iconic brand, world-class entertainment, and exceptional customer service.

As a leading player in the highly competitive casino industry, Caesars Entertainment is committed to sustainability and reducing its environmental impact. The company recognizes the importance of decarbonisation and has set ambitious goals to reduce its carbon footprint and transition to renewable energy sources.

One of the key ways in which Caesars Entertainment is working towards decarbonisation is through its corporate energy strategy. The company has implemented a range of energy-efficient technologies and practices across its properties, including LED lighting, HVAC upgrades, and water conservation measures. These initiatives have not only helped the company reduce its energy consumption and greenhouse gas emissions but have also resulted in significant cost savings.

In addition to these measures, Caesars Entertainment is also exploring the use of corporate power purchase agreements (PPAs) to support its renewable energy goals. A corporate PPA is a long-term contract between a company and a renewable energy provider, which allows the company to purchase a predetermined amount of renewable energy at a fixed price. By entering into a PPA, Caesars Entertainment can support the development of new renewable energy projects and reduce its reliance on fossil fuels.

In recent years, Caesars Entertainment has made significant progress towards its renewable energy goals. In 2018, the company announced that it had achieved its target of reducing greenhouse gas emissions by 95% from 2011 levels. This achievement was made possible through a combination of energy efficiency measures, renewable energy projects, and carbon offsets.

One of the notable renewable energy projects that Caesars Entertainment has undertaken is the installation of a 240-kilowatt solar panel system at its Rio All-Suite Hotel & Casino in Las Vegas. The system, which consists of over 1,000 solar panels, generates enough energy to power the equivalent of 20 homes and has reduced the property's carbon footprint by over 200 metric tons per year.

Caesars Entertainment has also invested in renewable energy projects outside of its properties. In 2019, the company signed a 15-year PPA with a solar farm in Arkansas, which will provide renewable energy to its properties in the Mid-South region. The project is expected to generate over 100,000 megawatt-hours of renewable energy per year, which is equivalent to powering over 9,000 homes.

In addition to its renewable energy initiatives, Caesars Entertainment is also committed to reducing waste and promoting sustainability across its operations. The company has implemented a range of recycling and waste reduction programs, including food waste composting, single-use plastic reduction, and paperless initiatives. These programs have not only helped the company reduce its environmental impact but have also improved operational efficiency and reduced costs.

Overall, Caesars Entertainment is a leader in the casino industry when it comes to sustainability and decarbonisation. The company's commitment to corporate energy, renewable energy, and waste reduction initiatives has resulted in significant environmental and financial benefits. As the company continues to expand its operations, it is well-positioned to continue driving positive change in the industry and beyond.

✓ Science Based Targets member
✓ Declared Net Zero commitment