--- title: "Corporate Power Purchase Agreement" ocid: "ocds-h6vhtk-047a1f" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-047a1f" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-047a1f.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-047a1f.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "THAMES WATER UTILITIES LIMITED" published: "2024-07-03" --- # Corporate Power Purchase Agreement Buyer: THAMES WATER UTILITIES LIMITED Current stage: Tender OCID: ocds-h6vhtk-047a1f [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-047a1f) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-047a1f.json) ## Summary 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. ## Notice 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. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/020253-2024 | | 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 | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 3 Jul 2024 | | Submission deadline | 18 Jul 2024 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £200,000,000 | | Lots value | £200,000,000 | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Active | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | THAMES WATER UTILITIES LIMITED | | Locality | READING | | Post town | Reading | | Postcode | RG1 8DB | | Country | England | | ITL 1 | TLJ South East (England) | | ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire | | ITL 3 | TLJ16 Berkshire West | | Local authority | Reading | | Electoral ward | Thames | | Westminster constituency | Reading Central | | 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 | ## CPV Codes ### 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 ### 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 ## Release History - 3 Jul 2024 at 11:05 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/020253-2024 ## Notice URLs - http://thameswater.smartsourceportal.com - https://www.thameswater.co.uk - https://www.thameswater.co.uk/about-us/our-suppliers/procurement ## 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-047a1f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-047a1f.json.