Power Purchase Agreement for Off-site Renewable Electricity

Tender 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 enter into a long-term offsite Power Purchase Agreement (‘PPA’) with an onshore 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 fully constructed but that has already been permitted/consented. The City Corporation would consider an operational project as a bridging option only.