--- title: "Power Purchase Agreement for Off-site Renewable Electricity" ocid: "ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3.json" source: "Contracts Finder" current_stage: "Tender" buyer: "CITY OF LONDON CORPORATION" published: "2019-07-07" --- # Power Purchase Agreement for Off-site Renewable Electricity Buyer: CITY OF LONDON CORPORATION Current stage: Tender OCID: ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3.json) ## Summary The City of London Corporation is currently seeking to enter into a 15-year Power Purchase Agreement (PPA) for off-site renewable electricity, with a tender deadline set for 7th August 2019. This procurement falls under the goods category, specifically for electricity, and is part of a competitive dialogue process. The power must be sourced from a new renewable energy project located in Great Britain and is estimated to require a total value of £36 million for the entire contract duration, with an estimated annual value of £2.4 million. The successful developer is expected to deliver an average of 40-60 GWh of renewable electricity per annum, with the first possible Commercial Operations Date commencing on 1st October 2020. This tender presents significant growth opportunities for energy companies, particularly those specialising in the construction and operation of renewable energy projects, such as solar or onshore wind power developers. Businesses that can deliver projects that fulfil the City of London’s requirements for capacity and sustainability would be particularly well-suited to compete. Additionally, suppliers offering services for the necessary agreements and guarantees associated with renewable energy, such as Renewable Energy Guarantees of Origin (REGOs), may also find this contract advantageous. ## Notice 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. The Project should be new i.e. not yet fully constructed, and it must be built in Great Britain (i.e. excluding Northern Ireland) and should expect to deliver on average c.40-60 GWh per annum with P50 outputs near to 50 GWh per annum preferred. This could be from a single generation asset, several assets, or a proportion of a larger asset. The Developer shall commit to minimum delivery requirements for project availability. The contract structure will be a sleeved ('physical') PPA, for the supply of onshore wind power or solar power only, with an existing utility supplier providing the sleeving services (The Sleeving Supplier). The City will acquire the exclusive right to the power and, at no additional cost, the associated environmental attributes (including Renewable Energy Guarantees of Origin ("REGOs")) under the PPA and the Sleeving Supplier will facilitate (or "sleeve") the supply of such power and associated environmental attributes from the renewable energy project to the City pursuant to the terms of the sleeving PPA entered into between the City and the Sleeving Supplier. The term of the PPA will be 15 years from the Commercial Operations Date (COD). The first date on which COD can be reached for the purposes of the PPA is 1 October 2020. By 1 April 2021 the Developer must have achieved either COD in respect of the Project or be able to offer an alternative Bridging solution (i.e. REGO-backed power at the same PPA price from an operational source). The City's preference is for COD or a Bridging Solution to be provided as close to 1 October 2020 as possible but this must be provided by 1 April 2021 at the latest. The longstop date for the Developer to achieve COD in respect of the Project is 1 April 2022, except to the extent that the Contractor does not provide a Bridging solution from 1 April 2021, in which case the COD Longstop Date is 1 April 2021. Additional information: This tendering exercise is being undertaken using the electronic tendering system'capitalEsourcing' (url:www.capitalesourcing.com). Suppliers will need to register an interest on the system inorder to participate and registration is free. The contract duration is expected to be 15 years. The estimated value given is for the full 15-year duration of the contract. The estimated annual contract value is therefore 2 400 000 GBP. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/2adaa623-60d4-4dc4-a696-ee2d189af82f | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Goods | | Procurement method | Selective | | Procurement method details | Competitive dialogue (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 7 Jul 2019 | | Submission deadline | 7 Aug 2019 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 30 Sep 2020 - 30 Sep 2035 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £36,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | CITY OF LONDON CORPORATION | | Locality | LONDON | | Post town | Central London | | Postcode | EC2P 2EJ | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI4 Inner London - East | | ITL 3 | TLI43 Haringey and Islington | | Local authority | Islington | | Electoral ward | Clerkenwell | | Westminster constituency | Islington South and Finsbury | | Delivery location | TLI London | ## CPV Codes ### Divisions - 09 - Petroleum products, fuel, electricity and other sources of energy ### Codes - 09310000 - Electricity ## Release History - 7 Jul 2019 at 19:27 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/2adaa623-60d4-4dc4-a696-ee2d189af82f ## Documents - https://www.contractsfinder.service.gov.uk/Notice/2adaa623-60d4-4dc4-a696-ee2d189af82f 7th July 2019 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/06182b6f-bf84-48e5-a879-609cd3305ba8 OJEU Notice ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2580d4ad-1b4b-430b-b5a2-35fade5274f3.json.