Corporate Power Purchase Agreement

Description

NI Water is the largest user of electricity in Northern Ireland and currently consumes approximately 290 GWh of electricity per annum and is seeking to agree commercially attractive PPAs with suitable renewable projects to deliver approximately 45 – 90 GWh of power per annum across almost 3000 sites. With the introduction of iSEM and the volatility of electricity pricing, which is heavily influenced by commodity and foreign exchange markets, NI Water recognises the potential for it to engage with renewable developers and procure electricity for future years providing both a reliable supply of “green” electricity and price security for periods of 10-20 years. NI Water wishes to procure between 15-30 percent of its electricity from renewable sources through off site Corporate Power Purchase Agreements (CPPAs). As a result NI Water is looking run a competitive tender process and enter into a Contract(s) for CPPA(s) to provide this supply of electricity to a number of NI Water sites. Lot 1: NI Water is the largest user of electricity in Northern Ireland and currently consumes approximately 290 GWh of electricity per annum and is seeking to agree commercially attractive PPAs with suitable renewable projects to deliver approximately 45 – 90 GWh of power per annum across almost 3000 sites. With the introduction of iSEM and the volatility of electricity pricing, which is heavily influenced by commodity and foreign exchange markets, NI Water recognises the potential for it to engage with renewable developers and procure electricity for future years providing both a reliable supply of “green” electricity and price security for periods of 10-20 years. NI Water wishes to procure between 15-30 percent of its electricity from renewable sources through off site Corporate Power Purchase Agreements (CPPAs). As a result NI Water is looking run a competitive tender process and enter into a Contract(s) for CPPA(s) to provide this supply of electricity to a number of NI Water sites. Additional information: Please note this tender process has now been cancelled