ACWA Power signs PPA for 91 MW Layla solar PV project in Riyadh

ACWA Power has signed a 30-year Power Purchase Agreement (PPA) with the Saudi Power Procurement Company for energy produced from the 91 MW Layla solar photovoltaic IPP project located in the central region of Saudi Arabia. 

The SAR401 million (US$106.78 million) agreement aims at the development, construction, and operation of the solar farm. The project will be constructed in the Al-Aflaj governorate, Riyadh. It is a part of round three of the National Renewable Energy Program by the Ministry of Energy.

ACWA Power will own 40.1% of the project. The commercial operation is expected to start in Q4 2024.