Tower Group appoints Foot Anstey to support on green hydrogen offering
The Energy team at national law firm Foot Anstey LLP has been appointed as one of Tower Group's (trading as Tower Green Holdings Ltd) legal advisors to support on its green hydrogen supply offering.
Since its inception, Tower Group has worked towards decarbonising the South West of England to ultimately help the region cut its reliance on fossil fuels. With this goal in mind, Tower Group has been building a green hydrogen ecosystem in the South West by acquiring and operating its own renewable energy sites and assembling a diverse network of green hydrogen off-takers.
The Foot Anstey team working with Tower Group includes Chris Pritchett (Partner), Aliki Zeri (Senior Associate), Julie McGovern (Associate) and Alice Foster (Solicitor). The team has been working with Tower Group to create documentation and advise on a range of matters commercial energy matters, including grid connections, exclusivity and supply chain.
As the project advances, the specialist team at Foot Anstey will be advising Tower Group on setting up corporate structure and SPVs, assisting with funding agreement reviews, land options and leases and green hydrogen off-taker arrangements (energy PPAs).
Other firms collaborating with and advising Tower Group include Savills and PKF Francis Clark.
When asked about Foot Anstey's appointment Alex King, Director at Tower Group, commented: "We asked Foot Anstey to support us because of its track record in helping clients build highly successful green energy businesses and its ability to connect us with the right people and organisations. We look forward to working with the team to build Tower Group's offering and further collaborate with innovative businesses in the South West."
Chris Pritchett, Partner at Foot Anstey, said: "We're delighted to start working with Tower Group on its efforts to bolster its green hydrogen supply offering in the South West. As a firm with locations and teams across the South West, it allows us to bolster the green economy and pay homage to our roots as well as advising on advanced energy matters for Tower Group which is at the heart of our specialism. I am looking forward to continuing our relationship with Tower Group and Alex."
Bob Meier, corporate finance director at PKF Francis Clark, said: “Green hydrogen is an exciting emerging technology with the potential to provide businesses in energy-intensive sectors with their own reliable supply of clean energy, as well as making a significant contribution to the UK’s transition to net zero.
“We’re delighted to be working with Tower Group and look forward to using our extensive experience in supporting renewable energy developers to help make its vision of green hydrogen energy plants across the South West become a reality.”
The Foot Anstey team has been actively involved in discussions with GW4 Alliance and Aliki Zeri was recently highlighted as Women in Green Hydrogen's "Practitioner of the Week" In June 2022, Foot Anstey held its first green hydrogen roundtable, where industry representatives brainstormed their own 'Green Hydrogen Wishlist'.
To find out more about Foot Anstey's services and sector specialisms please visit https://www.footanstey.com/ or get in touch with us here https://www.footanstey.com/contact/.
