Bristol City Council has posted the SQ on ProContract after unveiling plans last month to establish a long-term corporate joint venture to source, finance and implement low-carbon and energy-related projects, such as wind turbines and solar assets for the council and potentially other local authorities in the south-west of England.
The council has a substantial estate, including land, buildings, social housing, car parks and park and ride sites, depots, electric vehicle charging infrastructure, street lighting and so forth.
Under its City Leap Energy Partnership, the authority is procuring partners to enter into a joint venture with Bristol Energy Ltd, which would provide project origination, delivery and operation, but not ownership of energy assets, as well as a fund vehicle which would hold shares in asset-owning special purpose vehicles owning the assets deployed under the 20-year partnership.
A spokesperson for the authority had previously confirmed to Partnerships Bulletin that the anticipated revenue to be generated from the concession is equivalent to GBP12bn, based on the estimated commercial revenues of projects and services and excluding the estimated commercial revenues generated by Bristol Energy Ltd from the sale of gas and electricity.
A briefing event will take place in Bristol on 8 October, with interested parties required to contact email@example.com.
Responses to the SQ are due by 15 November.
The council expects to award the contract in December 2020.