Addleshaw Goddard has advised SSE Energy Supply Limited (“SSEESL”) on the contractual framework governing the next tranche of its smart meter rollout programme.
The forthcoming tranche will see 2.7 million smart meters rolled out from March onwards, and will see SSEESL working with two new entrants to the market; MapleCo, an independent Meter Asset Provider supporting the UK energy market, and SGN Smart, a subsidiary of SGN.
SSE is one of the UK’s leading energy companies playing a key part in the Government’s ambitious programme of offering a smart meter to each of the 53 million homes and businesses in the UK by the end of 2020. It involves a massive mobilisation of engineers and installers to meet the tight deadline.
Addleshaw Goddard has advised SSE Energy Supply Limited with a team led by Richard Goodfellow (picture), assisted by Alex Clayton, Lauren Payne and Matthew Nixon.
Alongside this, the firm’s project finance team, led by Oliver Carruthers, advised SSEESL on all aspects of the funding structure applicable to the deal.
Involved fees earner: Richard Goodfellow – Addleshaw Goddard; Alex Clayton – Addleshaw Goddard; Lauren Payne – Addleshaw Goddard; Matthew Nixon – Addleshaw Goddard; Oliver Carruthers – Addleshaw Goddard;
Law Firms: Addleshaw Goddard;
Clients: SSE Energy Supply Limited;