TfL Renewable Corporate Power Purchase Agreement ('PPA Nimbus')

Description

Transport for London (TfL) is exploring entering into multiple Virtual PPAs (VPPAs) with renewable generator(s)/counterparties, up to a maximum volume window of 500GWh per annum (30% of TfL's total volume). The procurement will concern generation from specific renewables facilities for the supply period, and will require additionality. The expected contract structure is a pay-as-produced VPPA, for solar or wind (onshore and offshore), new-build or repowered assets. The individual PPA/project volume range is expected to be 40-250GWh, with a delivery window of October 2028 to December 2032 and a fixed pricing structure with CPI-linkage. More information on the proposed requirement is available in the MSQ. Details on how to access this document are given below.