Boulder City signed a 50-year lease with a Korean Company allowing it to develop solar projects in the Eldorado Valley.
The Boulder City Council approved the agreement last month. The city and Korean Midland Power Company signed the lease Wednesday morning. The solar array will be on 1,550 acres of Eldorado Valley, which is 30 miles southeast of Las Vegas. The area is considered one of the best places in the country to develop solar power projects.
The array will be a 250 to 350 megawatt solar generation facility. The project will break ground in the middle of next year. Company representatives say the new facility will employee hundreds of people for construction and operation. The company plans on establishing a solar training center for local workers.