Published date: 27 June 2024

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 26 September 2024, 1pm

Contract summary

Industry

  • Foreign economic-aid-related services - 75211200

Location of contract

Any region

Value of contract

£161,750,000

Procurement reference

tender_363482/1357100

Published date

27 June 2024

Closing date

26 September 2024

Closing time

1pm

Contract start date

31 January 2025

Contract end date

31 January 2030

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

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

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The Climate Finance Accelerator is part of the UK's efforts to support climate action at scale by improving the quality of emerging green businesses and initiatives in Emerging Markets and Developing Economies and matches them to relevant investors. It also fosters action to address relevant policy and regulatory barriers.

So far, under the current £12.4m phase of the programme, nearly 200 projects have been supported across ten countries. The first 30 of these projects have progressed to close deals worth $344m.

The CFA is funded by UK Government's Department for Energy Security and Net Zero (DESNZ), under the International Climate Finance (ICF) portfolio, as part of the UK Government's £11.6 billion commitment to support ODA-eligible countries to respond to the challenges and opportunities of climate change.

DESNZ is procuring the next phase of the programme. The second phase of CFA (CFA 2) is expected to support at least 800 projects in 16 countries.

The Department is looking to commission a Global Delivery Partner for CFA 2 to manage, oversee and deliver the programme. The programme will provide technical support to minimum 800 projects across 16 countries.

CFA 2 aims to increase the flow of predominantly private sector climate finance to support low-carbon climate resilient projects with sustainable development benefits and, in doing so, support the implementation of supported countries' climate mitigation efforts. To meet this objective, CFA 2 will develop a high-volume pipeline of bankable projects in EMDEs that dovetail with upstream progress to enable the investment environment. Working closely with investors, CFA 2 will increase investor interest and appetite to engage with and invest in low-carbon projects in supported countries.

The elements of the Statement of Requirements are listed below:

Workstream A: Global management and oversight
1) Element 1 - Establishment of global operations
2) Element 2 - Confirmation of country delivery approach
3) Element 3 - Stakeholder management
4) Element 4 - Regional and UK events
5) Element 5 - Knowledge products and sharing
6) Element 6 - Monitoring and Evaluation
7) Element 7 - Reporting
8) Element 8 - Programme management and governance

Workstream B: Country delivery and project support
9) Element 9 - Landscape review and establishment of country operations
10) Element 10 - Project selection
11) Element 11 - Provision of project specific support
12) Element 12 - Sustainable embedding of the CFA markers within local financial ecosystems

The initial contract term will be 5 years. The value of the 5 year initial term is £38.75m with modification options of up to £50.40m, totalling up to £89.15m for the 5 year initial term.

The contract has options to extend up to 3 years or any portion of 3 years, with further modification options of up to £72.60m. With all modifications and extensions included, the maximum potential total contract value £161.75m.
.

More information

Previous notice about this procurement

Climate Finance Accelerator (CFA) 2 - Final EME

  • Early engagement
  • Published 10 April 2024

Links

Additional text

Please access the tender documents here:
https://beisgroup.ukp.app.jaggaer.com/go/9541816701905A48C8C4

Questions relating to this tender should be submitted via the Jaggaer portal only.

About the buyer

Contact name

Charlotte Finlay

Address

3-8 Whitehall Place
London
SW1A 2EG
England

Email

internationalclimateandenergy.procurement@energysecurity.gov.uk

Website

https://www.gov.uk/government/organisations/department-for-energy-security-and-net-zero