Award

Power Purchase Agreement for Off-site Renewable Electricity

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Award

05 Feb 2021 at 09:29

Summary of the contracting process

The City of London Corporation is seeking to provide renewable electricity through a Power Purchase Agreement (PPA) with South Farm Solar Limited, covering a period from 1 February 2022 to 31 January 2037. The procurement, classified under "Electricity" (CPV code 09310000), was conducted using a selective method known as competitive dialogue. The tender period concluded on 24 January 2020, while the award for the contract was announced on 26 January 2021, with a total contract value of £40,000,000.

This contract presents significant opportunities for businesses in the renewable energy sector, particularly those specialising in solar energy projects. Companies equipped to manage large-scale energy supply contracts or those involved in the development and operation of renewable energy facilities would be particularly well-suited to participate in this procurement process. Engaging with such frameworks can help businesses expand their portfolio and enhance their service offerings within the growing green energy market.

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Notice Title

Power Purchase Agreement for Off-site Renewable Electricity

Notice Description

The City of London Corporation (The City) has entered into an offsite power purchase agreement (PPA) with a renewable energy project owner and operator (The Developer), from which the City purchases all of the power generated at an agreed fixed price for the duration of the contract, indexed annually to CPI, along with renewable energy benefits. Additional information: Copy of the OJEU contract award notice can be found at the link below.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-695f63b8-999c-4390-a65b-a6c17db31934
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6ea8e4fe-bd1c-41b8-b030-82c23ce5fdaf
Current Stage
Award
All Stages
Award

Procurement Classification

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

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
£40,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£40,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
5 Feb 20215 years ago
Submission Deadline
24 Jan 2020Expired
Future Notice Date
Not specified
Award Date
26 Jan 20215 years ago
Contract Period
1 Feb 2022 - 31 Jan 2037 Over 5 years
Recurrence
Not specified

Notice Status

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

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

Supplier Information

Number of Suppliers
1
Supplier Name

SOUTH FARM SOLAR

Further Information

Notice Documents

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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