Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Corporate Power Purchase Agreement

THAMES WATER UTILITIES LIMITED

This public procurement record has 1 release in its history.

Tender

03 Jul 2024 at 12:05

Tender Notice
Summary of the contracting process

Thames Water Utilities Limited has initiated a tender process for the procurement of a Corporate Power Purchase Agreement in the goods category within the industry sector of Electricity. The objective is to secure renewable electricity supply through long-term contracts with wind or solar power generators. The tender involves procuring 100-150 GWh per annum initially, with potential expansion to 200 GWh per annum. Thames Water prefers contracts of 5 years duration but considers terms ranging from 3 to 10 years. The submission deadline for interested suppliers is July 18, 2024, with a contract value of GBP 200 million.

This tender opportunity offers businesses in the renewable energy sector a chance to participate in long-term supply agreements with Thames Water. Companies involved in electricity generation, specifically from wind or solar sources, are well-suited to compete. Suppliers with capabilities to provide renewable energy at scale and with long-term price stability will find this tender attractive. The negotiated procurement method with prior call for competition allows for selective supplier engagement, ensuring a competitive bidding process for potential suppliers.

How relevant is this notice?

Notice Information

Notice Title

Corporate Power Purchase Agreement

Notice Description

Provision of Electricity through Corporate Power Purchase Agreements

Lot Information

Lot 1

Thames Water Utilities Limited are looking to diversify its electricity portfolio through corporate Power Purchase Agreements (PPAs). The objective is to secure long-term price certainty while supporting decarbonisation targets through a competitive tender process. Thames Water seeks to sign a long-term physical PPA with a wind or solar PV power generator. The primary target is to procure 100-150 GWh per annum of renewable energy through this tender, with the possibility of increasing the volume to 200 GWh per annum if commercially compelling offer(s) are received. Each contract should be a minimum of 20 GWh and a maximum of 150 GWh per annum. Thames Water is open to both newbuild and operational projects, provided that newbuild projects have, or will obtain, all necessary permits and consents. The company aims to start procuring volumes as soon as possible, preferring start dates within the next 18 months, but will consider projects with Commercial Operation Dates (CODs) before April 2026. Thames Water seeks long-term price stability for its power supply and prefers a 5-year contract, although terms ranging 3 to 10 years will be considered.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-047a1f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/020253-2024
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
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

31 - Electrical machinery, apparatus, equipment and consumables; lighting

45 - Construction work

65 - Public utilities

CPV Codes

09100000 - Fuels

09300000 - Electricity, heating, solar and nuclear energy

09310000 - Electricity

31121310 - Windmills

31121320 - Wind turbines

31121340 - Wind farm

31122000 - Generator units

31682000 - Electricity supplies

45251160 - Wind-power installation works

45315300 - Electricity supply installations

65400000 - Other sources of energy supplies and distribution

Notice Value(s)

Tender Value
£200,000,000 £100M-£1B
Lots Value
£200,000,000 £100M-£1B
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
3 Jul 20242 years ago
Submission Deadline
18 Jul 2024Expired
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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THAMES WATER UTILITIES LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
READING
Postcode
RG1 8DB
Postcode Area
Reading
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ16 Berkshire West
Delivery Location
TLC North East (England), TLD North West (England), TLE Yorkshire and The Humber, TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLI London, TLJ South East (England), TLK South West (England), TLL Wales, TLM Scotland
Local Authority
Reading
Electoral Ward
Thames
Westminster Constituency
Reading Central

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...