Tender

TfL Renewable Corporate Power Purchase Agreement ('PPA Comet')

LONDON UNDERGROUND LIMITED

This public procurement record has 1 release in its history.

Tender

23 Jun 2022 at 08:08

Summary of the contracting process

The London Underground Limited is currently conducting a tender for the "TfL Renewable Corporate Power Purchase Agreement ('PPA Comet')" in the energy sector, specifically focusing on renewable power sourcing. This procurement process aims to secure a contract for 150-200 GWhs of renewable energy annually for a duration of 15 years. Proposals must be submitted electronically by 25 July 2022, and the renewable energy facility is expected to commence power delivery between 1 June 2024 and 30 June 2026. This initiative falls under a selective procurement method and is classified as a negotiated procedure with prior call for competition.

This tender presents significant growth opportunities for businesses involved in renewable energy generation, particularly suppliers of wind and solar power technologies. Companies that specialise in developing new renewable generation facilities or those looking to expand their portfolio in sustainable energy production would be well-suited to compete in this tender. Additionally, businesses interested in opportunities for long-term asset financing, as mentioned in related collaborative initiatives by the Greater London Authority (GLA), could find value in participating in this procurement. Interested bidders can reach out for more information or financing options via the provided contact details.

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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.

Lot Information

Lot 1

TfL is seeking to enter into a PPA, 'PPA Comet', with a renewable generator. 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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-034988
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/017123-2022
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Goods
Procurement Method
Selective
Procurement Method Details
Negotiated procedure with prior call for competition
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

09000000 - Petroleum products, fuel, electricity and other sources of energy

Notice Value(s)

Tender Value
Not specified
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
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON UNDERGROUND LIMITED
Contact Name
Miss Jasmine Moss
Contact Email
jasminemoss@tfl.gov.uk
Contact Phone
+44 7514492010

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified

Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

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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