CMS Cameron McKenna LLP has advised RWE on its successful bids for land at Wylfa, Anglesey, and Oldbury, South Gloucestershire, in the Nuclear Decommissioning Authority’s (NDA) site auction which concluded today (29 April).
The land bids are part of RWE npower and E.ON UK’s joint venture, announced in January, to deliver at least 6GW of new nuclear capacity in the UK. The first power station is due to come online at the end of the next decade.
RWE npower and E.ON UK each have a 50% stake in the joint venture, which has a long-term focus on taking the sites it has secured from the NDA through the consents process to building and operating new nuclear power stations.
The land at Oldbury was previously owned by the NDA. The land at Wylfa was previously owned by the NDA and EdF Energy.
CMS Cameron McKenna advised RWE on the initial joint venture agreement in January. The team was led by Corporate partner, Charles Currier. The team also included Matthew Willoughby and Robert Carlon (Corporate); Property partner, Martin Pennell and assistant, Liz Kelly; Energy partners Robert Lane and Munir Hassan, and assistant Juliet Dunn; Competition partner Susan Hankey and assistant John Markham; and Tax partner Keith Gregory and assistant Sarah Buxton.
Charles Currier commented, “Having advised on the initial joint venture, it has been very good to continue working with RWE and to see the joint venture begin so strongly with the successful acquisition of these two prime sites for nuclear development.”
RWE npower and E.ON UK have stakes in 20 nuclear power stations around the world. In addition, E.ON and RWE jointly own three nuclear reactors in Germany.
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