FrameworkClosed
Corporate Power Purchase Agreement
THAMES WATER UTILITIES LIMITED · £200,000,000 · closes 18 Jul 2024
£200,000,000
Estimated value
Closed
Deadline
3 Jul 2024
Published
This tender has closed.
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About this contract
Provision of Electricity through Corporate Power Purchase Agreements
Key dates
Published3 Jul 2024
Submission deadline18 Jul 2024 Add to calendar ↓
Source
Source notice on Find a TenderView ↗
Lot — bid on it if it fits
This contract has one lot. Bid if it suits your firm.
Thames Water Utilities Limited are looking to diversify its electricity portfolio through corporate Power Purchase Agreements (PPAs). The objective is to secure long-term price certainty while supporting decarbonisation targets through a competitive tender process.
Thames Water seeks to sign a long-term physical PPA with a wind or solar PV power generator. The primary target is to procure 100-150 GWh per annum of renewable energy through this tender, with the possibility of increasing the volume to 200 GWh per annum if commercially compelling offer(s) are received. Each contract should be a minimum of 20 GWh and a maximum of 150 GWh per annum. Thames Water is open to both newbuild and operational projects, provided that newbuild projects have, or will obtain, all necessary permits and consents. The company aims to start procuring volumes as soon as possible, preferring start dates within the next 18 months, but will consider projects with Commercial Operation Dates (CODs) before April 2026.
Thames Water seeks long-term price stability for its power supply and prefers a 5-year contract, although terms ranging 3 to 10 years will be considered.£200,000,000
Who to contact
NameThames Water
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