Power Purchase Agreement for Off-site Renewable Electricity
City of London Corporation · London
Key facts
- Estimated value
- £24,000,000
- Contract starts
- 31 Aug 2019
- Contract ends
- 31 Aug 2029
- Procedure
- Competitive procedure with negotiation (above threshold)
- Buyer type
- Local government
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.
Additional information: 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.
Categories (CPV)
- 09310000 Electricity
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