Tender

Power Purchase Agreement for Off-site Renewable Electricity

CITY OF LONDON CORPORATION

This public procurement record has 1 release in its history.

Tender

23 Dec 2019 at 15:33

Tender Notice
Summary of the contracting process

The City of London Corporation is currently inviting tenders for a Power Purchase Agreement for off-site renewable electricity. This procurement process falls within the electricity industry category and is set in London, England. The procurement is at the tender stage, with submissions due by 24 January 2020. The contract, valued at £30,375,000, is intended to commence on 1 April 2021 and will run until 31 March 2036. The procurement method is selective, conducted through a competitive dialogue process above threshold.

This opportunity presents significant growth potential for businesses specialising in renewable energy, especially those capable of offering reliable, long-term electricity supply services. Companies, particularly small and medium-sized enterprises (SMEs), that have expertise in energy project management or renewable technology solutions may find this tender aligns well with their capabilities. Engaging in this contract could enhance their market presence while contributing to sustainable energy initiatives in the UK.

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Notice Information

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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7e94f1be-85fc-4797-93e2-a38f315fc9c2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/801c764e-2f83-4b08-87da-47fb1dd8c5d8
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
SME
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
£30,375,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Dec 20196 years ago
Submission Deadline
24 Jan 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Mar 2021 - 31 Mar 2036 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
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

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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