--- title: "TfL Renewable Corporate Power Purchase Agreement ('PPA Comet')" ocid: "ocds-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab.json" source: "Contracts Finder" current_stage: "Tender" buyer: "LONDON UNDERGROUND LIMITED" published: "2022-06-23" --- # TfL Renewable Corporate Power Purchase Agreement ('PPA Comet') Buyer: LONDON UNDERGROUND LIMITED Current stage: Tender OCID: ocds-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab.json) ## Summary Transport for London (TfL), through its subsidiary London Underground Limited, is currently seeking tenders for a Renewable Corporate Power Purchase Agreement (PPA Comet). This procurement, classified under the energy sector, aims to secure a supply of 150-200 GWh of renewable energy annually over a 15-year contract period. The procurement is in the Tender stage, with submissions due by 25 July 2022. The new facility must be operational to supply power to TfL between 1 June 2024 and 30 June 2026, demonstrating a significant commitment to renewable energy sources. This tender presents a lucrative opportunity for businesses involved in renewable energy generation, particularly those specialising in wind and solar power. Companies that possess the capacity to deliver the required energy output and manage associated environmental benefits would be particularly suited to compete. Additionally, small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, especially as there may be an independent financing solution available from the Greater London Authority to assist bidders in scaling their proposals. ## Notice 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. 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0aaf6a9a-c98e-4f52-9c6d-fbfc198a0f8c | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Selective | | Procurement method details | Negotiated procedure | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Jun 2022 | | Submission deadline | 25 Jul 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 31 May 2024 - 30 Jun 2041 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £200,000,000 | | 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 | LONDON UNDERGROUND LIMITED | | Locality | LONDON | | Post town | South East London | | Postcode | SE10 0ES | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI5 Outer London - East and North East | | ITL 3 | TLI51 Bexley and Greenwich | | Local authority | Greenwich | | Electoral ward | Greenwich Peninsula | | Westminster constituency | Greenwich and Woolwich | | Delivery location | Not specified | ## CPV Codes ### Divisions - 09 - Petroleum products, fuel, electricity and other sources of energy ### Codes - 09000000 - Petroleum products, fuel, electricity and other sources of energy ## Release History - 23 Jun 2022 at 09:43 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/0aaf6a9a-c98e-4f52-9c6d-fbfc198a0f8c ## Documents - https://www.contractsfinder.service.gov.uk/Notice/0aaf6a9a-c98e-4f52-9c6d-fbfc198a0f8c 23rd June 2022 - Opportunity notice on Contracts Finder - https://procontract.due-north.com/Advert?advertId=337097bf-35ee-ec11-8115-005056b64545 Advert ## Notice URLs - https://tfl.gov.uk ## 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-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-58e142c5-c597-42e5-8d3e-c9764829b8ab.json.