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. Post completion of the construction, the project is expected to get commissioned in 2024. Buy the profile here.
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Description
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.
Development status
Post completion of the construction, the project is expected to get commissioned in 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.
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.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.
