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Official procurement procedure

Power Purchase Agreement for Off-site Renewable Electricity

Electricity
UK
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: City of London Corporation: "Power Purchase Agreement for Off-site Renewable Electricity". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityCity of London CorporationScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: City of London Corporation
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for City of London Corporation. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
8.6Bids / Report
6.7% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 131 active published awards; 120 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityCity of London Corporation
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published1 Feb 2021, 22:56 GMT
Last source update1 Feb 2021, 22:56 GMT
Recurring procurementNot published
ClassificationElectricity
Delivery area
UK
OCIDocds-h6vhtk-028f32
What is being bought
The City of London Corporation (The City) has entered into an offsite power purchase agreement (PPA) with a renewable energy project owner and operator (The Developer), from which the City purchases all of the power generated at an agreed fixed price for the duration of the contract, indexed annually to CPI, along with renewable energy benefits.
What changed
From the official release history
  1. Status changed to complete
    1 Feb 2021, 22:56 GMT
  2. Official notice release published
    1 Feb 2021, 22:56 GMT
  3. Buyer information updated
    1 Feb 2021, 22:56 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    The City of London Corporation (The City) has entered into an offsite power purchase agreement (PPA) with a renewable energy project owner and operator (The Developer), from which the City purchases all of the power generated at an agreed fixed price for the duration of the contract, indexed annually to CPI, along with renewable energy benefits. The project is expected to deliver through the PPA approximately 54GWh per annum. The project is to become fully operational by February 1st 2022. The contract structure is a ‘pay-as-produced’ sleeved ('physical') PPA with an availability guarantee provided by the Developer, for the supply of solar power. It is “sleeved” through the existing utility supplier who provide a shaping and balancing service separately. The City has acquired the exclusive right to the power and the associated environmental attributes (including Renewable Energy Guarantees of Origin (‘REGOs’)) under the PPA, which is included in the price offered by the Developer. The Sleeving Supplier will facilitate (or ‘sleeve’) the supply of such power and associated environmental attributes from the renewable energy project to the City pursuant to the terms of the sleeving PPA entered into between the City and the Sleeving Supplier. The term of the PPA is 15 years. The contract was awarded at 54.6GWh towards the top of the proposed 35-55GWh procurement range and is valued at £40m over the term
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    1 Feb 2021, 22:56 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 26 Jan 2021, 00:00 GMT · £40,000,000
Commercial outcome and competition
Awards
South Farm Solar Limited
Not published · Not published · active
Contracts
Power Purchase Agreement for Off-site Renewable Electricity
£40,000,000 · signed 26 Jan 2021, 00:00 GMT · active
Bid statistics
bids: 2 (lot 1)
Buyer and organisations in this procedure

City of London Corporation

Contracting authority GB-FTS-135
View buyer profile

  • City of London Corporation
    buyer

    Guildhall, London, UKI, EC2P 2EJ
    James.Carter@cityoflondon.gov.uk
    +44 2073321065

  • Cabinet Office
    reviewContactPoint

    70 Whitehall, London, SW1A 2AS

  • High Court of England and Wales
    mediationBody
    reviewBody

    Royal Courts of Justice, The Strand, London, WC1A 2LL

  • South Farm Solar Limited
    supplier

    11677325
    One Lyric Square, London, UKI, W6 0NB
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published