D3 Tenders | Power Purchase Agreement for Off-site Renewable Electricity

Notice Information

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Notice Title

Power Purchase Agreement for Off-site Renewable Electricity

Notice Description

The City of London Corporation (The City) is seeking to enter into an offsite Power Purchase Agreement (PPA) with a renewable energy project owner and operator (The Developer), from which The City purchases all (or an agreed proportion) of the power generated at an agreed fixed price for the duration of the contract, indexed annually to CPI, along with renewable energy benefits. The Project should be new i.e. not yet fully constructed, and it must be built in Great Britain (i.e. excluding Northern Ireland) and should expect to deliver on average c.40-60 GWh per annum with P50 outputs near to 50 GWh per annum preferred. This could be from a single generation asset, several assets, or a proportion of a larger asset. The Developer shall commit to minimum delivery requirements for project availability. The contract structure will be a sleeved ('physical') PPA, for the supply of onshore wind power or solar power only, with an existing utility supplier providing the sleeving services (The Sleeving Supplier). The City will acquire the exclusive right to the power and, at no additional cost, the associated environmental attributes (including Renewable Energy Guarantees of Origin ("REGOs")) under the PPA and the Sleeving Supplier will facilitate (or "sleeve") the supply of such power and associated environmental attributes from the renewable energy project to the City pursuant to the terms of the sleeving PPA entered into between the City and the Sleeving Supplier. The term of the PPA will be 15 years from the Commercial Operations Date (COD). The first date on which COD can be reached for the purposes of the PPA is 1 October 2020. By 1 April 2021 the Developer must have achieved either COD in respect of the Project or be able to offer an alternative Bridging solution (i.e. REGO-backed power at the same PPA price from an operational source). The City's preference is for COD or a Bridging Solution to be provided as close to 1 October 2020 as possible but this must be provided by 1 April 2021 at the latest. The longstop date for the Developer to achieve COD in respect of the Project is 1 April 2022, except to the extent that the Contractor does not provide a Bridging solution from 1 April 2021, in which case the COD Longstop Date is 1 April 2021. Additional information: This tendering exercise is being undertaken using the electronic tendering system'capitalEsourcing' (url:www.capitalesourcing.com). Suppliers will need to register an interest on the system inorder to participate and registration is free. The contract duration is expected to be 15 years. The estimated value given is for the full 15-year duration of the contract. The estimated annual contract value is therefore 2 400 000 GBP.

Notice Details

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Publication & Lifecycle

Open Contracting ID: ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3
Publication Source: Contracts Finder
Latest Notice: https://www.contractsfinder.service.gov.uk/Notice/2adaa623-60d4-4dc4-a696-ee2d189af82f
Current Stage: Tender
All Stages: Tender

Procurement Classification

Notice Type: Tender Notice
Procurement Type: Standard
Procurement Category: Goods
Procurement Method: Selective
Procurement Method Details: Competitive dialogue (above threshold)
Tender Suitability: Not specified
Awardee Scale: Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions: 09 - Petroleum products, fuel, electricity and other sources of energy
CPV Codes: 09310000 - Electricity

Notice Value(s)

Tender Value: £36,000,000 £10M-£100M
Lots Value: Not specified
Awards Value: Not specified
Contracts Value: Not specified

Notice Dates

Publication Date: 7 Jul 20196 years ago
Submission Deadline: 7 Aug 2019Expired
Future Notice Date: Not specified
Award Date: Not specified
Contract Period: 30 Sep 2020 - 30 Sep 2035 Over 5 years
Recurrence: Not specified

Notice Status

Tender Status: Active
Lots Status: Not Specified
Awards Status: Not Specified
Contracts Status: Not Specified

Buyer & Supplier

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Contracting Authority (Buyer)

Main Buyer: CITY OF LONDON CORPORATION
Contact Name: Available with D3 Tenders Premium →
Contact Email: Available with D3 Tenders Premium →
Contact Phone: Available with D3 Tenders Premium →

Buyer Location

Locality: LONDON
Postcode: EC2P 2EJ
Post Town: Central London
Country: England
Major Region (ITL 1): TLI London
Basic Region (ITL 2): TLI4 Inner London - East
Small Region (ITL 3): TLI43 Haringey and Islington
Delivery Location: TLI London
Local Authority: Islington
Electoral Ward: Clerkenwell
Westminster Constituency: Islington South and Finsbury

Further Information

Notice Documents

https://www.contractsfinder.service.gov.uk/Notice/2adaa623-60d4-4dc4-a696-ee2d189af82f
7th July 2019 - Opportunity notice on Contracts Finder
https://www.contractsfinder.service.gov.uk/Notice/Attachment/06182b6f-bf84-48e5-a879-609cd3305ba8
OJEU Notice

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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