Section one: Contracting authority
one.1) Name and addresses
Department for Energy Security and Net Zero
3-8 Whitehall Place
London
SW1A 2EG
Contact
Charlotte Finlay
internationalclimateandenergy.procurement@energysecurity.gov.uk
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
https://www.gov.uk/government/organisations/department-for-energy-security-and-net-zero
one.4) Type of the contracting authority
Ministry or any other national or federal authority
one.5) Main activity
General public services
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Climate Finance Accelerator (CFA) 2 Global Delivery Partner
Reference number
prj_1830
two.1.2) Main CPV code
- 75211200 - Foreign economic-aid-related services
two.1.3) Type of contract
Services
two.1.4) Short description
The Climate Finance Accelerator is part of the UK’s efforts to support climate action at scale by improving the quality of emerging green businesses and initiatives in Emerging Markets and Developing Economies and matches them to relevant investors. It also fosters action to address relevant policy and regulatory barriers. This contract is for a Global Delivery Partner for CFA to manage and deliver the programme including identifying, selecting and providing technical assistance to eligible projects to increase the likelihood that they will receive investment.
The CFA is funded by UK Government’s Department for Energy Security and Net Zero (DESNZ), under the International Climate Finance (ICF) portfolio, as part of the UK Government's £11.6 billion commitment to support ODA-eligible countries to respond to the challenges and opportunities of climate change.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £134,791,667
two.2) Description
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
The contract is for a global delivery partner for the Climate Finance Accelerator 2 (CFA 2) to manage, oversee and deliver the programme. The programme will provide technical support to eligible projects.
CFA 2 aims to increase the flow of predominantly private sector climate finance to support low-carbon climate resilient projects with sustainable development benefits and, in doing so, support the implementation of supported countries’ climate mitigation efforts. To meet this objective, the CFA 2 delivery partner will develop a high-volume pipeline of bankable projects in Emerging Markets and Developing Economies (EMDEs) that dovetail with upstream progress (e.g. policy/regulatory reform) to enable the investment environment. Working closely with investors, CFA 2 will increase investor interest and appetite to engage with and invest in low-carbon projects in supported countries.
The elements of the Statement of Requirements to be delivered by the supplier are listed below:
Workstream A: Global management and oversight
1) Element 1 - Establishment of global operations
2) Element 2 - Confirmation of country delivery approach
3) Element 3 - Stakeholder management
4) Element 4 - Regional and UK events
5) Element 5 - Knowledge products and sharing
6) Element 6 - Monitoring and Evaluation
7) Element 7 - Reporting
8) Element 8 - Programme management and governance
Workstream B: Country delivery and project support
9) Element 9 - Landscape review and establishment of country operations
10) Element 10 - Project selection
11) Element 11 - Provision of project specific support
12) Element 12 - Sustainable embedding of the CFA markers within local financial ecosystems
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: Yes
Description of options
The initial contract term is 5 years with an initial value of £19.85m (including VAT). Modification options exist in the contract to increase the value of the 5 year initial term by up to £69.3m to a total maximum of up to £89.15m (including VAT).
The contract has further options to extend the term for up to 3 years or any portion of 3 years, and the value by a further £72.60m (including VAT). With all modifications and extensions included, the maximum potential total contract value is £161.75m (including VAT) and the maximum term is 8 years to 31 August 2033.
The possible modification options listed below provide scope options to support CFA's Theory of Change during contract delivery and do not represent a commitment from DESNZ at this time but may be integrated into the contract over the contract term. All options are subject to further governance controls, contract performance and the continuing needs of the contract.
1. 'Platform' delivery: enabling other UK government budget holders (e.g., FCDO) to secure CFA outputs in other countries where they are additional to the scope of the DESNZ business case.
2. Change in country prioritisation: flexibility to change CFA-supported countries in response to emergent threats and opportunities.
3. Contract extension to enable sustainable exit: flexibility to extend delivery in countries where embedding is likely to occur in the near future but the country does not have sufficient budget allocated.
4. Extension of CFA in existing countries: where CFA has demonstrable success, further funding could be made available to support a higher number of projects or to provide deeper capacity building support.
5. Expansion of technical assistance to financial institutions and other in-country investment vehicles: Boosting CFA's impact by expanding provision of support to relevant CFA stakeholders.
6. Technical support provided for additional sectors: Boosting CFA's impact by expanding provision of support to new sectors.
7. Enhanced direct offer to alumni projects to unlock investment opportunities: deeper support could include awarding grant funding, providing intermediation services, or supporting a deeper online presence to showcase deal opportunities.
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2024/S 000-019726
Section five. Award of contract
Contract No
con_8706
Title
Climate Finance Accelerator 2 - Global Delivery Partner
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
3 September 2025
five.2.2) Information about tenders
Number of tenders received: 3
Number of tenders received by electronic means: 3
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
PricewaterhouseCoopers LLP
1 Embankment Place, London
London
WC1N 6RH
Country
United Kingdom
NUTS code
- UK - United Kingdom
National registration number
OC 303525
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £16,541,667
Section six. Complementary information
six.3) Additional information
Net value of awarded contract is an approximate value with 20% VAT applied to the total gross contract value of £19,850,000.00. Calculation of applicable VAT to the services, particularly those delivered overseas, is the responsibility of the supplier and the final net number may vary during delivery.
six.4) Procedures for review
six.4.1) Review body
Royal Courts of Justice
The Strand
London
WC1A 2LL
Country
United Kingdom
Internet address
https://www.gov.uk/government/organisations/hm-courts-and-tribunals-service