Hogan Lovells advises SpotMyEnergy on a cooperation agreement for financing smart meters under the MAP model
Led by partner Dr. Dietmar Helms, Senior Legal Consultant Dr. Florian Putzka and Senior Counsel Dr. Florian-Alexander Wesche, global law firm Hogan Lovells has advised SpotMyEnergy GmbH on a cooperation agreement for financing smart meters under the Meter Asset Provider (MAP) model. The transaction supports the further roll-out of smart electricity meters in Germany.
The Cologne-based start-up SpotMyEnergy uses the MAP model, commonly known in the United Kingdom, to finance the expansion of smart meters. MAP is a form of asset financing in which specialised providers finance the meters as assets and make them available to metering point operators. Only a few providers in Germany currently use this model to significantly accelerate the roll-out of smart meters.
Hogan Lovells advised SpotMyEnergy comprehensively on all financing aspects of the cooperation as well as on energy regulatory and contractual matters.
Hogan Lovells team for SpotMyEnergy GmbH
Dr. Dietmar Helms (Partner, Frankfurt), Dr. Florian Putzka (Senior Legal Consultant, external, Dubai) (Capital Markets);
Dr. Florian-Alexander Wesche (Senior Counsel, IERP, Dusseldorf).
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