--- title: "Power Purchase Agreement for Off-site Renewable Electricity" ocid: "ocds-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c.json" source: "Contracts Finder" current_stage: "Planning" buyer: "CITY OF LONDON CORPORATION" published: "2019-02-25" --- # Power Purchase Agreement for Off-site Renewable Electricity Buyer: CITY OF LONDON CORPORATION Current stage: Planning OCID: ocds-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c.json) ## Summary The City of London Corporation is planning a public procurement for a Power Purchase Agreement (PPA) focused on sourcing 100% renewable electricity, with an estimated budget of £36,000,000. This initiative falls within the electricity industry category and is set to cover projects located in London, England. With the procurement stage currently in the planning phase, interested parties should note that the anticipated commercial operations are aimed for the end of Q4 2021. The procurement method selected is a competitive procedure with negotiation, with key dates including a future notice expected on 17 April 2019. This tender presents a significant opportunity for businesses involved in renewable energy, particularly those specialising in wind and solar energy solutions. Companies that have experience constructing new renewable projects that are already permitted or consented will be well-suited to compete. The long-term nature of the contract, spanning from September 2019 to August 2029, offers stability and the potential for sustainable revenue growth for successful bidders in the rapidly evolving renewable energy sector. ## Notice The City of London Corporation ("City Corporation") has committed to sourcing 100 % renewable electricity, with renewable PPAs being an integral part of its energy procurement and sustainability strategies. The City Corporation is therefore seeking to sign a long-term offsite Power Purchase Agreement ("PPA") with a wind farm or solar PV developer in Great Britain (i.e. excluding Northern Ireland). In the interest of creating "additionality", the City Corporation seeks a "new" project, which is not yet constructed but that has already been permitted/consented. The City Corporation would consider an operational project as a bridging option only. A sleeved ("physical") PPA structure is sought, with the City's existing utility supplier providing the sleeving services. The project(s) should be new i.e. not yet constructed, but should already be permitted/consented. An operational project would be considered but as a bridging option only. The City Corporation ideally seeks a PPA of around 10 to 15 years generation from a c.50-60 GWh/yr project, or portfolio of projects, with anticipated commercial operations by the end of Q4 2021. Additional information: All dates and values are estimates and may be subject to change. This notice is not a call for competition. Any call for competition will be advertised at a later date. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7c59c10a-79c4-4e35-8096-bd9ae1355e99 | | Notice type | Planned Procurement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Selective | | Procurement method details | Competitive procedure with negotiation (above threshold) | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 25 Feb 2019 | | Submission deadline | Not specified | | Future notice date | 16 Apr 2019 | | Award date | Not specified | | Contract period | 31 Aug 2019 - 31 Aug 2029 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £24,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planned | | 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 - 25 Feb 2019 at 17:32 - Planning - Planned Procurement Notice - https://www.contractsfinder.service.gov.uk/Notice/7c59c10a-79c4-4e35-8096-bd9ae1355e99 - 25 Feb 2019 at 17:02 - Planning - Planned Procurement Notice - https://www.contractsfinder.service.gov.uk/Notice/7c59c10a-79c4-4e35-8096-bd9ae1355e99 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/7c59c10a-79c4-4e35-8096-bd9ae1355e99 25th February 2019 - Future opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/d0edb084-7bd3-456e-a9de-1b4f1a6ca019 PIN 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-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7c38ead0-dcd8-46bd-b1b0-dd5a8e9f3d7c.json.