Layla Solar PV Park is a 91MW solar PV power project. It is planned in Al Riyadh, Saudi Arabia. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024. Buy the profile here.
The project is being developed by Saudi Power Procurement and is currently owned by Acwa Power with a stake of 40.1%.
Layla Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $106.9m.
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
Power purchase agreement
The power generated from the project will be sold to Acwa Power under a power purchase agreement for a period of 30 years, starting from 2022.
For more details on Layla Solar PV Park, buy the profile here.
About Saudi Power Procurement
Saudi Power Procurement Co (SPPC) is an energy procurement company that facilitates the legal separation of generation and transmission. The company offers counterparty services to existing power generation, cross-border trading, balancing funds and maintaining working capital requirements and power scheduling services to energy generators and power distributors. It also enters into power purchase agreements and on-sale agreements for the sale of electricity produced to retail licensees and large consumers in Saudi Arabia. The company also provides procure system services from generation licensees, receive payment from the transmission licensee for system services and facilitates the development of a market for trading electricity system services. SPPC is headquartered in Riyadh, Saudi Arabia.