There are mountain peaks and ridges in the polar regions of the Moon that are so high they are in sunlight 70% of the time. Some places even receive virtually constant solar radiation. When lower elevations are black through the long lunar nights, such places are islands of light, seemingly their own realms.
Such "points of eternal light" will likely play major roles in the colonization and economic development of the Moon. Solar arrays positioned in those areas could provide a steady stream of power to operations below. PELs may also establish the legal structure for handling property rights that governs the initial phase of Solar System expansion. By being the first pieces of ET real estate with intrinsic economic value, how they are handled legally could set a precedent that will be applied to other worlds.
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