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Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ACWA Power inks deal for Layla PV Solar project worth $107m

The board was also delegated to pay interim dividends on a semiannual or quarterly basis for 2023.
By TRENDS Desk
June 5, 2022 2:12 pm
  • The company won the contract for submitting the lowest bid of 11.2 halala/KWh
  • ACWA Power will develop, construct, and operate Layla PV Solar IPP, a plant located in Riyadh

Saudi ACWA Power Co. has signed a power purchase agreement with Saudi Power Procurement Co. for the Layla PV Solar project worth $107 million.

The company won the contract for submitting the lowest bid of 11.2 halala/KWh.

According to the agreement, ACWA Power will develop, construct, and operate Layla PV Solar IPP, a plant located in Riyadh, according to a bourse filing.

The 91-MW Layla project is being executed to extend the Kingdom’s National Renewable Energy Program, which was proposed by the Minister of Energy.

ACWA Power will own 40.1 percent of the project for 30 years.

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