Planning

Power Purchase Agreement for Off-site Renewable Electricity

CITY OF LONDON CORPORATION

This public procurement record has 2 releases in its history.

Planning

25 Feb 2019 at 17:32

Planning

25 Feb 2019 at 17:02

Summary of the contracting process

The City of London Corporation is planning a public procurement for a Power Purchase Agreement (PPA) focused on sourcing 100% renewable electricity, with an estimated budget of £36,000,000. This initiative falls within the electricity industry category and is set to cover projects located in London, England. With the procurement stage currently in the planning phase, interested parties should note that the anticipated commercial operations are aimed for the end of Q4 2021. The procurement method selected is a competitive procedure with negotiation, with key dates including a future notice expected on 17 April 2019.

This tender presents a significant opportunity for businesses involved in renewable energy, particularly those specialising in wind and solar energy solutions. Companies that have experience constructing new renewable projects that are already permitted or consented will be well-suited to compete. The long-term nature of the contract, spanning from September 2019 to August 2029, offers stability and the potential for sustainable revenue growth for successful bidders in the rapidly evolving renewable energy sector.

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Notice Title

Power Purchase Agreement for Off-site Renewable Electricity

Notice Description

The City of London Corporation ("City Corporation") has committed to sourcing 100 % renewable electricity, with renewable PPAs being an integral part of its energy procurement and sustainability strategies. The City Corporation is therefore seeking to sign a long-term offsite Power Purchase Agreement ("PPA") with a wind farm or solar PV developer in Great Britain (i.e. excluding Northern Ireland). In the interest of creating "additionality", the City Corporation seeks a "new" project, which is not yet constructed but that has already been permitted/consented. The City Corporation would consider an operational project as a bridging option only. A sleeved ("physical") PPA structure is sought, with the City's existing utility supplier providing the sleeving services. The project(s) should be new i.e. not yet constructed, but should already be permitted/consented. An operational project would be considered but as a bridging option only. The City Corporation ideally seeks a PPA of around 10 to 15 years generation from a c.50-60 GWh/yr project, or portfolio of projects, with anticipated commercial operations by the end of Q4 2021. Additional information: All dates and values are estimates and may be subject to change. This notice is not a call for competition. Any call for competition will be advertised at a later date.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7c59c10a-79c4-4e35-8096-bd9ae1355e99
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planned Procurement Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Selective
Procurement Method Details
Competitive procedure with negotiation (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
£24,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
25 Feb 20196 years ago
Submission Deadline
Not specified
Future Notice Date
16 Apr 2019Expired
Award Date
Not specified
Contract Period
31 Aug 2019 - 31 Aug 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
CITY OF LONDON CORPORATION
Contact Name
James Carter
Contact Email
james.carter@cityoflondon.gov.uk
Contact Phone
020 7332 1065

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

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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