Notice Information
Notice Title
TfL Renewable Corporate Power Purchase Agreement ('PPA Comet')
Notice Description
Transport for London (TfL) (contracting as its subsidiary, London Underground Limited) is seeking to enter into a PPA ('PPA Comet') with a renewable generator, and expects to contract for 150-200 GWhs of renewable energy per annum from 'additional' generator assets, pursuant to a 15 year PPA. The new build facility must be able to begin delivering power to TfL under a PPA no earlier than 1 June 2024 and no later than 30 June 2026. TfL will purchase the power generated by the renewable facility (or an agreed percentage of the power generated reflecting TfL's output requirement (i.e. 150-200 GWh per annum)) for the duration of the supply period (i.e. 15 years) as well as the associated environmental attributes and benefits. The contract structure will be a 'pay-as-produced' sleeved ('physical') PPA for the supply of wind power or solar power only, with TfL's existing utility supplier (or such other licensed supplier that TfL may appoint from time to time) providing the sleeving services. TfL is conducting a Negotiated Procedure with prior call for competition under the Utilities Contracts Regulations, and therefore some change to the published PPA may be expected. Potential areas of negotiation, and the process for conducting it, are included in the full suite of tender documents. As indicated in its press release of 19 March 2021, the GLA is exploring collaborative GLA Group new-build PPA procurements, along with the separate development of a long-term asset financing solution to be made available to bidders for those PPAs. The GLA also intends to make a tranche of long-term asset financing available to bidders for this TfL PPA, subject to due diligence. The GLA financing solution, and the GLA Group new-build PPA procurements, are separate from and independent of this TfL PPA procurement. Whether or not bidders take up the GLA financing offer will be solely for bidders to determine and no preference will be given in the evaluation of PPA bids to submissions from bidders who have taken up this offer. TfL has no information on the GLA financing offer; interested potential suppliers should contact PPAfinance@londontreasury.org.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/0aaf6a9a-c98e-4f52-9c6d-fbfc198a0f8c
- Current Stage
- Tender
- All Stages
- Tender
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Standard
- Procurement Category
- Not specified
- Procurement Method
- Selective
- Procurement Method Details
- Negotiated procedure
- Tender Suitability
- SME, VCSE
- Awardee Scale
- Not specified
Common Procurement Vocabulary (CPV)
- CPV Divisions
09 - Petroleum products, fuel, electricity and other sources of energy
-
- CPV Codes
09000000 - Petroleum products, fuel, electricity and other sources of energy
Notice Value(s)
- Tender Value
- £200,000,000 £100M-£1B
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 23 Jun 20223 years ago
- Submission Deadline
- 25 Jul 2022Expired
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- 31 May 2024 - 30 Jun 2041 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
Contracting Authority (Buyer)
- Main Buyer
- LONDON UNDERGROUND LIMITED
- Contact Name
- Jasmine Moss
- Contact Email
- jasminemoss@tfl.gov.uk
- Contact Phone
- +44 7514492010
Buyer Location
- Locality
- LONDON
- Postcode
- SE10 0ES
- Post Town
- South East London
- Country
- England
-
- Major Region (ITL 1)
- TLI London
- Basic Region (ITL 2)
- TLI5 Outer London - East and North East
- Small Region (ITL 3)
- TLI51 Bexley and Greenwich
- Delivery Location
- Not specified
-
- Local Authority
- Greenwich
- Electoral Ward
- Greenwich Peninsula
- Westminster Constituency
- Greenwich and Woolwich
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/0aaf6a9a-c98e-4f52-9c6d-fbfc198a0f8c
23rd June 2022 - Opportunity notice on Contracts Finder
Notice URLs
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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