Award

Ocean Energy Accelerator

OFFSHORE RENEWABLE ENERGY CATAPULT

This public procurement record has 1 release in its history.

Award

16 Oct 2024 at 15:02

Summary of the contracting process

The procurement process for the "Ocean Energy Accelerator" project, led by the Offshore Renewable Energy Catapult, has completed its award stage. The contract, classified under risk management insurance services (CPV code: 66517300), focuses on piloting an insurance entity for the tidal stream energy sector through the Marine Energy Partnership. The contract, valued at £130,000, began on 24th September 2024 and will run until 31st August 2025. The tender was conducted using a limited procurement method, involving the direct awarding of the contract without a prior notice publication. The key implementation locations are in England, United Kingdom.

This tender presents significant opportunities for businesses focusing on renewable energy and risk management services. SMEs (small and medium-sized enterprises) specialising in these areas could particularly benefit from this contract, given the specialised support required for the project. The appointed contractor, Renewable Risk Advisers, exemplifies the type of business well-suited to this opportunity. Companies involved in similar sectors can leverage such contracts to strengthen their portfolios and demonstrate expertise in emerging renewable energy markets.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Ocean Energy Accelerator

Notice Description

Contract Award Notice Through the Marine Energy Partnership, ORE Catapult has received funding to implement a pilot insurance entity for the tidal stream energy sector, referred to as the Ocean Energy Accelerator. The purpose of this contract is to appoint a suitable contractor to provide specialist support throughout its implementation.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/0c794f86-1a62-40c9-a4ba-2113af46e754
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award of contract without prior publication of a contract notice
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66517300 - Risk management insurance services

Notice Value(s)

Tender Value
£130,000 £100K-£500K
Lots Value
Not specified
Awards Value
£130,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Oct 20241 years ago
Submission Deadline
17 Sep 2024Expired
Future Notice Date
Not specified
Award Date
18 Sep 20241 years ago
Contract Period
23 Sep 2024 - 31 Aug 2025 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
OFFSHORE RENEWABLE ENERGY CATAPULT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
PEMBROKE DOCK
Postcode
SA72 6UN
Post Town
Swansea
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL42 South West Wales
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Pembrokeshire
Electoral Ward
Pembroke Dock: Bush
Westminster Constituency
Mid and South Pembrokeshire

Supplier Information

Number of Suppliers
1
Supplier Name

RENEWABLE RISK ADVISERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae-2024-10-16T16:02:41+01:00",
    "date": "2024-10-16T16:02:41+01:00",
    "ocid": "ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "OREC001-DN744715-02319568",
        "title": "Ocean Energy Accelerator",
        "description": "Contract Award Notice Through the Marine Energy Partnership, ORE Catapult has received funding to implement a pilot insurance entity for the tidal stream energy sector, referred to as the Ocean Energy Accelerator. The purpose of this contract is to appoint a suitable contractor to provide specialist support throughout its implementation.",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66517300",
            "description": "Risk management insurance services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "England",
                        "countryName": "United Kingdom"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 1,
            "currency": "GBP"
        },
        "value": {
            "amount": 130000,
            "currency": "GBP"
        },
        "procurementMethod": "limited",
        "procurementMethodDetails": "Award of contract without prior publication of a contract notice",
        "tenderPeriod": {
            "endDate": "2024-09-17T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2024-09-24T00:00:00+01:00",
            "endDate": "2025-08-31T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-CFS-176956",
            "name": "Offshore Renewable Energy Catapult",
            "identifier": {
                "legalName": "Offshore Renewable Energy Catapult"
            },
            "address": {
                "streetAddress": "Office 14, Bridge Innovation Centre, Pembrokeshire Science & Technology Park",
                "locality": "Pembroke Dock",
                "postalCode": "SA72 6UN",
                "countryName": "Wales"
            },
            "contactPoint": {
                "name": "Sian Kerrison",
                "email": "procurement@ore.catapult.org.uk",
                "telephone": "+44 3330041400"
            },
            "details": {
                "url": "https://www.ore.catapult.org.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-CFS-298633",
            "name": "Renewable Risk Advisers",
            "identifier": {
                "legalName": "Renewable Risk Advisers"
            },
            "address": {
                "streetAddress": "2 Old Bath Road, Newbury, Berkshire, England, RG14 1QL"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-CFS-176956",
        "name": "Offshore Renewable Energy Catapult"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae-1",
            "status": "active",
            "date": "2024-09-19T00:00:00+01:00",
            "datePublished": "2024-10-16T16:02:41+01:00",
            "value": {
                "amount": 130000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-CFS-298633",
                    "name": "Renewable Risk Advisers"
                }
            ],
            "contractPeriod": {
                "startDate": "2024-09-24T00:00:00+01:00",
                "endDate": "2025-08-31T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/0c794f86-1a62-40c9-a4ba-2113af46e754",
                    "datePublished": "2024-10-16T16:02:41+01:00",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}