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United Kingdom-London: Electricity
Prior information notice
This notice aims at reducing time limits for receipt of tenders
Section I: Contracting authority
Section II: Object
Power Purchase Agreement for Off-site Renewable Electricity
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.
The City Corporation intends 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).
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.
Section III: Legal, economic, financial and technical information
As stated in the ITT documents.
Section IV: Procedure
Section VI: Complementary information
It is intended that the exact scope of the project be refined according to the results of a soft market testing exercise, which interested parties are encouraged to participate in.
The soft market testing exercise can be found by registering at www.capitalesourcing.com