---
title: "Power Purchase Agreement for Off-site Renewable Electricity"
ocid: "ocds-h6vhtk-028f32"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-028f32"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-028f32.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-028f32.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CITY OF LONDON CORPORATION"
published: "2021-02-01"
---

# Power Purchase Agreement for Off-site Renewable Electricity

Buyer: CITY OF LONDON CORPORATION  
Current stage: Award  
OCID: ocds-h6vhtk-028f32

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## Summary

The City of London Corporation has awarded a contract for a Power Purchase Agreement (PPA) for off-site renewable electricity. This procurement falls under the goods category, specifically electricity, and is classified within the CPV classification scheme. The agreement allows the City to buy renewable energy at a fixed price, indexed annually to the Consumer Price Index, for a term of 15 years. The project aims to generate approximately 54GWh of power per annum and is set to be fully operational by February 1st, 2022. The contract was awarded with a total value of £40 million.

This tender presents opportunities for businesses involved in renewable energy generation, particularly those specialising in solar power. Companies with expertise in sustainable energy solutions and the capability to deliver large-scale renewable projects would be well-suited to compete. The selective procurement method used, requiring competitive dialogue, highlights the importance of technical and commercial quality in submissions, making this a significant opportunity for firms looking to engage in the growing sector of renewable energy supply.

## Notice

The City of London Corporation (The City) has entered into an offsite power purchase agreement (PPA) with a renewable energy project owner and operator (The Developer), from which the City purchases all of the power generated at an agreed fixed price for the duration of the contract, indexed annually to CPI, along with renewable energy benefits.

### Lot Information

Lot 1

The City of London Corporation (The City) has entered into an offsite power purchase agreement (PPA) with a renewable energy project owner and operator (The Developer), from which the City purchases all 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 is expected to deliver through the PPA approximately 54GWh per annum. The project is to become fully operational by February 1st 2022. The contract structure is a 'pay-as-produced' sleeved ('physical') PPA with an availability guarantee provided by the Developer, for the supply of solar power. It is "sleeved" through the existing utility supplier who provide a shaping and balancing service separately. The City has acquired the exclusive right to the power and the associated environmental attributes (including Renewable Energy Guarantees of Origin ('REGOs')) under the PPA, which is included in the price offered by the Developer. 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 is 15 years. The contract was awarded at 54.6GWh towards the top of the proposed 35-55GWh procurement range and is valued at PS40m over the term

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/002012-2021 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Selective |
| Procurement method details | Competitive dialogue |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Feb 2021 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 26 Jan 2021 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £40,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SOUTH FARM SOLAR |

## CPV Codes

### Divisions

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

### Codes

- 09310000 - Electricity

## Release History

- 1 Feb 2021 at 22:56 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/002012-2021

## Notice URLs

- http://www.cityoflondon.gov.uk
- https://ted.europa.eu/udl?uri=TED:NOTICE:596591-2019:TEXT:EN:HTML

## 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-h6vhtk-028f32. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-028f32.json.