Published date: 25 February 2019

Last edited date: 25 February 2019

Closed future opportunity - This means that a potential contract has passed its approach to market date. A buyer can choose to consider any supplier interest or convert this notice into an opportunity ready for live procurement.


Approach to market date: 17 April 2019

Contract summary

Industry

  • Electricity - 09310000

Location of contract

London

Value of contract

£24,000,000

Procurement reference

18/299/FS

Published date

25 February 2019

Approach to market date

17 April 2019

Contract start date

1 September 2019

Contract end date

31 August 2029

Procedure type

Competitive procedure with negotiation (above threshold)

Anyone may ask to participate, but only those who are pre-selected will be invited to submit initial tenders and to negotiate.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

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.

More information

Spend profile

This table displays the spend profile of the notice
Financial year Budget
2019/2020 £2,400,000

Attachments

Additional text

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.

About the buyer

Contact name

James Carter

Address

City of London Corporation
London
EC2P 2EJ
England

Telephone

020 7332 1065

Email

james.carter@cityoflondon.gov.uk