ACWA Power Signs PPA With Saudi Power Procurement Company For 91 MW Layla Solar Plant

Under round 3 of the Ministry of Energy's National Renewable Energy Program (NREP), the company was awarded the rights to develop this project. To claim the project, it had given SAR 0.112 per kWh (see Saudi Arabia NREP Round 3 Shortlisted Bidders).

The Layla PV Solar IPP project will be located in Al-Aflaj governorate in Riyadh province of Saudi Arabia. ACWA Power expects an investment of SAR 401 million to realize the project which it will develop and construct. The company will be 40.1% project owner. It is expected to come online in Q1/2024.

SPPC is also the principal buyer for ACWA Power’s 700 MW Ar Rass solar project that the latter expects to bring online in Q4/2022 (see PPA For 700 MW Saudi Solar Facility).