Camerons advises RWE on E.ON joint venture

CMS Cameron McKenna has been instructed by RWE on a long-term joint venture with E.ON that will see the German utilities build nuclear power stations in the UK.

The energy companies have teamed up on a 50:50 basis to purchase and develop sites being sold by the Nuclear Decommissioning Authority (NDA), with a view to developing 6GW of new capacity.

Camerons picked up the potentially lucrative mandate after it worked opposite RWE on an earlier transaction, according to lead partner Charles Currier.

“We got together after the transaction and told them about the firm and our experience and it led from there. CMS has a strong energy practice and we’ve been looking at energy for a while, so it’s a good fit,” Currier said.

Currier is assisted by energy partners Robert Lane and Munir Hassan, competition partner Sue Hankey and tax partner Keith Gregory.

E.ON is being assisted by long-term adviser Freshfields Bruckhaus Deringer, through corporate partner Andrew Hutchings. He declined to comment.

Hutchings worked with real estate partner David Lewis, dispute resolution partner Jonathan Isted, antitrust, competition and trade partner Nicholas
Spearing and tax partner Colin Hargreaves.

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