Power Purchase Agreement for Off-site Renewable Electricity
What the buyer wrote
The City of London Corporation (The City) is seeking to enter into an offsite Power Purchase Agreement (PPA) with a renewable energy project owner and operator (The Developer), from which The City purchases all (or an agreed proportion) 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 should be new i.e. not yet fully constructed, and it must be built in Great Britain (i.e. excluding Northern Ireland) and should expect to deliver on average c.40-60 GWh per annum with P50 outputs near to 50 GWh per annum preferred. This could be from a single generation asset, several assets, or a pro…
Details
- What the buyer calls it
- Power Purchase Agreement for Off-site Renewable Electricity
- How they are buying
- Advertised, then negotiatedThe buyer talked terms with bidders rather than taking fixed offers.
- Type
- goods
- Work starts
- 30 Sep 2020
- Work ends
- 30 Sep 2035
- Kind of work
- Energy supply
Who the buyer named
Christina Paraskevaidou was the named contact on this notice.