Pipeline Framework: Power Purchase Agreement for Off-site Renewable Electricity

A pipeline has been launched for Power Purchase Agreement for Off-site Renewable Electricity.The contract start Date is 01 September 2019. Approach to market date is 17 April 2019.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.This is a potential opportunity from the government, and the pipeline gives advance notice of an opportunity that might be offered by the public sector in the future – allowing potential suppliers to plan accordingly. When a public sector organisation publishes a pipeline notice, it does not necessarily mean that an opportunity will be offered in the future.For more information contact: City of London Corporation, London EC2P 2EJ. Tel: 020 7332 1065. Email: james.carter@cityoflondon.gov.uk (James Carter)