Layla: First Solar Project of its Kind in Saudi Arabia

TAQNIA ENERGY completes work in the first phase of the Layla Solar Power Plant.
TAQNIA ENERGY completes work in the first phase of the Layla Solar Power Plant.
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Layla: First Solar Project of its Kind in Saudi Arabia

TAQNIA ENERGY completes work in the first phase of the Layla Solar Power Plant.
TAQNIA ENERGY completes work in the first phase of the Layla Solar Power Plant.

TAQNIA ENERGY announced the completion of work in the first phase of the Layla Solar Power Plant, extending across 720,000 square meters with a production capacity of 10 megawatts.

It is the first independent energy production station that operates on solar energy and is directly linked to the electric grid. The project can cover 10 percent of the province needs in Al-Aflaj, 300 kilometers south of Riyadh.

Waleed al-Helayel, Head of the Layla Project, expressed delight that the first phase has been finalized.

“The completion of works in such a project is a source of pride to us all, especially that it coincides with Saudi Arabia witnessing a prominent international presence in all fields,” he stated.

Helayel continued that the Kingdom has always been active and clear in its quest to diversify energy sources and support renewable energy through exploiting local resources.

The project will provide Aflaj with its total production capacity, promises to cut down CO2 emitted from traditional sources of energy and therefore increase opportunities to protect the environment.

The Layla project is the result of joint efforts and a deal between TAQNIA ENERGY - a subsidiary of the Saudi Technology Development and Investment Company (Taqnia)- and King Abdulaziz City for Science and Technology, and the Saudi Electricity Company.



Saudi Fund for Development, Italy's CDP Sign MoU for Development Collaboration

The MoU focuses on fostering the growth of development sectors. SPA
The MoU focuses on fostering the growth of development sectors. SPA
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Saudi Fund for Development, Italy's CDP Sign MoU for Development Collaboration

The MoU focuses on fostering the growth of development sectors. SPA
The MoU focuses on fostering the growth of development sectors. SPA

CEO of the Saudi Fund for Development Sultan bin Abdulrahman Al-Marshad signed a memorandum of understanding (MoU) for development cooperation with CEO and General Manager of Italy's National Promotional Institution, Cassa Depositi e Prestiti (CDP), Dario Scannapieco.

The Minister of Investment, Eng. Khalid Al-Falih, attended the signing ceremony held in AlUla on Sunday.

The MoU aims to establish and enhance cooperation in social and economic development shared between the two countries, facilitating the exchange of expertise.

It also focuses on fostering the growth of development sectors that contribute to sustainable development goals (SDGs) and global development efforts, promoting best practices in joint financing and maximizing developmental impact for the growth and prosperity of developing countries worldwide.