TfL Renewable Corporate Power Purchase Agreement ('PPA Comet')
London Underground Limited · United Kingdom
Key facts
- Estimated value
- £200,000,000
- Closing date
- 25 Jul 2022
- Contract starts
- 31 May 2024
- Contract ends
- 30 Jun 2041
- Procedure
- Negotiated procedure
- Buyer type
- Utilities & transport
Description
Transport for London (TfL) (contracting as its subsidiary, London Underground Limited) is seeking to enter into a PPA ('PPA Comet') with a renewable generator, and expects to contract for 150-200 GWhs of renewable energy per annum from 'additional' generator assets, pursuant to a 15 year PPA. The new build facility must be able to begin delivering power to TfL under a PPA no earlier than 1 June 2024 and no later than 30 June 2026.
TfL will purchase the power generated by the renewable facility (or an agreed percentage of the power generated reflecting TfL's output requirement (i.e. 150-200 GWh per annum)) for the duration of the supply period (i.e. 15 years) as well as the associated environmental attributes and benefits. The contract structure will be a 'pay-as-produced' sleeved ('physical') PPA for the supply of wind power or solar power only, with TfL's existing utility supplier (or such other licensed supplier that TfL may appoint from time to time) providing the sleeving services.
TfL is conducting a Negotiated Procedure with prior call for competition under the Utilities Contracts Regulations, and therefore some change to the published PPA may be expected. Potential areas of negotiation, and the process for conducting it, are included in the full suite of tender documents.
As indicated in its press release of 19 March 2021, the GLA is exploring collaborative GLA Group new-build PPA procurements, along with the separate development of a long-term asset financing solution to be made available to bidders for those PPAs. The GLA also intends to make a tranche of long-term asset financing available to bidders for this TfL PPA, subject to due diligence. The GLA financing solution, and the GLA Group new-build PPA procurements, are separate from and independent of this TfL PPA procurement. Whether or not bidders take up the GLA financing offer will be solely for bidders to determine and no preference will be given in the evaluation of PPA bids to submissions from bidders who have taken up this offer. TfL has no information on the GLA financing offer; interested potential suppliers should contact [email protected].
Categories (CPV)
- 09000000 Petroleum products, fuel, electricity and other sources of energy
Similar open tenders
Fuel Supply Framework
Location: West MidlandsBuyer: Lichfield District Council
Open tenderCloses 4 Dec, 202629 daysValue £3.20mSource Find a TenderLichfield District Council are looking to establish a multi supplier, closed framework, for the supply of Road Derv (White Diesel) for the Joint Waste Service fleet of vehicles.
Design, Supply, Installation and Commissioning of a Roof-Mounted Solar Photovoltaic (PV) System at The Enterprise Centre, Farnham
Location: South EastBuyer: Waverley Borough Council
Open tenderCloses 30 Nov, 202625 daysValue £78.00kSource Find a TenderGuildford Borough Council is seeking to appoint a suitably qualified and experienced contractor to design, supply, install, test and commission a roof-mounted Solar Photovoltaic (PV) system at The Enterprise Centre, Farnham. The project forms part of the Council's commitment to reducing carbon emissions, improving ener
Saltash Guildhall Internal Works
Buyer: Saltash Town Council
Open tenderCloses 30 Nov, 202625 daysSource Contracts FinderSaltash Town Council is seeking tenders from suitably qualified contractors for internal remodelling works at the Guildhall, Lower Fore Street, Saltash. The project comprises refurbishment and adaptation works to support revised council operations and meeting functions, including: Manufacture and installation of besp
Construction, Repairs and Maintenance Framework
Location: Yorkshire and the HumberBuyer: North Lincolnshire Council
Open tenderCloses 30 Nov, 202625 daysValue £62.40mSource Find a TenderNorth Lincolnshire Council is establishing a series of Frameworks to provide flexible, compliant and commercially robust mechanisms for the delivery of construction, maintenance, repair and infrastructure services across its estate and wider asset portfolio
WHC - Electrical minor works.
Location: East of EnglandBuyer: Welwyn Hatfield Borough Council
Open tenderCloses 11 Dec, 202636 daysValue £1.15mSource Find a TenderWelwyn Hatfield Borough Council (The Council) is inviting tenders for electrical service maintenance and minor works to its corporate property portfolio in accordance with these instructions and terms and conditions of contract. The works covered by this contract comprise of miscellaneous Electrical Servicing and Mino
Schools Energy Pathfinder 2025 - Biomass Programme - Biomass Package - Bundle 1 (MSLETB)
Location: IrelandBuyer: Mayo Sligo and Leitrim ETB
Open tenderCloses 20 Nov, 202615 daysValue €4.55MSource TEDInvitation to Tenders is sought from suitably qualified Contractors to undertake the complete Project Scope comprising of supply, delivery, installation and commissioning of modular off-site constructed containerised biomass cabins and the subsequent supply and delivery of fuel to each school for a period of 15 years.