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

Description

TfL recently published a procurement for its first renewable PPA, ‘PPA Comet’, and has since withdrawn the opportunity. TfL are looking to re-launch the procurement, and recently conducted a short market questionnaire to better inform that activity. The subsequent re-launch was initially planned for October 2022, but due to the announcement of the Energy Prices Bill and the subsequent market uncertainty it has caused, we are pausing these plans to re-launch in the short-term. TfL will be monitoring the impact, and will be looking to re-launch as soon as is practically possible once this impact is better known. TfL remains fully committed to transitioning to net zero by 2030 and will look to re-engage with the market at the earliest possible opportunity. This addendum, and the details replicated in subsequent sections, is issued to inform the market of this change.

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