Developer, Tower Group has revealed it has been building a green hydrogen ecosystem by acquiring and operating its own renewable energy sites, as well as assembling a network of green hydrogen offtakers.

Tower Group has said, the region’s geography and “forward thinking policies” saw it become a leader in the rollout of wind, solar and other renewable sources, and is now in the position to be at the forefront of an emerging technology.

As part of the ecosystem’s development, Tower Group has appointed law firm, Foot Anstey as one of its legal advisers to support its green hydrogen supply offering.

H2 View understands the Foot Anstey team has already been working with Tower Group to create documentation and advise on a range of commercial energy matters, including grid connections, exclusivity and supply chain.

Additionally, as the project advances, Foot Anstey has said it will advise on setting up corporate structure and special purpose vehicles (SPVs), assisting with funding agreement reviews, land options and leases, as well as green hydrogen offtaker arrangements.

Joining Tower Group and Foot Anstey are real estate company, Savills, and financial planner, PKF Francis Clark.

Alex King, Director of Tower Group, said, “I am delighted to finally announce Tower Group’s plans to build a hydrogen ecosystem in the South West.

“We have been working closely with our collaborative partners Savills, PKF Francis Clark and Foot Anstey to build a portfolio of green hydrogen production sites and a network of off-takers committed to reducing their carbon output and cutting their reliance on fossil fuels. We look forward to progressing with our plans expeditiously, to build this network further and to bring additional reinforcement in the drive towards Net Zero.”

Chris Pritchett, Partner at Foot Anstey, commented, “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.”