A Royal Decree established in June 2011 by Saudi technology development and investment company Taqnia to localize technology in Saudi Arabia and market the outputs of research and development centers. Taqnia is investing in technology contributing to economic diversification in Saudi Arabia. Taqnia is proud to be aligned with ‘Saudi Vision 2030’ and is owned by the PIF that supports strategic and sustainable diversification that enable growth in various industries in Saudi Arabia.
Taqnia Energy, the company’s subsidiary, said recently that the completion of the first 10 MW of Layla Solar Plant phase would be completed. The plant covered around 10 percent of the Al-Aflaj province's electricity requirements. The Layla Solar Plant project is a first independent, commercially connected solar plant directly to the Saudi Arabia Network. This makes Taqnia Energy the first Saudi independent power producer (IPP) indicating that the country’s energy policy has significantly evolved. The phase 1 completion of the Layla plant represents a step in the right direction in achieving green energy demand for the country rich in irradiation as part of the Saudi government's magnificent solar plans leading to market confusion and delays.
The initial production capacity of the project is 10 MW during its first stage and another 40 MW will be supplemented. The area of the project is 720,000 square meters. For Al-Aflaj Province, located 330 km from Riyadh the Saudi capital, Layla’s first phase will supply an estimated 10 percent of the energy requirements. It was also said that a reduction of 1.7 million tons of CO2 emissions is likely to occur annually at the end of the entire project in a press release announcing that milestone.
A joint venture between the Taqnia Energy, and King Abdulaziz City, for science and technology, launched the Layla Solar Plant. The Spanish Typsa engineering firm designs and monitors buildings.
Also, what’s noteworthy is the fact that Taqnia Energy is also developing an assembly line for the PV module, which is estimated to have an annual capacity of 500 MW. The firm has stated that the plant will supply Saudi solar projects for the future. Also, the Sipchem announcements this week for the start of the company’s large-scale production of EVA film demonstrated the same growth of domestic solar technology production.
In Saudi Arabia, targets were established for solar and wind capacity of 9.5 GW by 2030, equivalent to approximately 700 MW per year of additional installations over this objective. The country aims to reduce its use of fossil fuels under the Strategic Transformation Program, to increase energy efficiency and the further development of joint cycle power stations and to increase investments in renewable energy.