LONDON – Bracewell (UK) LLP has been named a finalist in the Unlocking Capital category at the 2026 FT Innovative Lawyers Awards Europe, one of the industry’s leading recognitions for legal innovation. Winners will be announced at a ceremony on September 24.
Bracewell was recognized for its work advising British Solar Renewables (BSR) on a £350 million Capex portfolio financing, one of the largest hybrid portfolio financings to date for UK renewable energy projects. The transaction, which closed in July 2025, funds the development and construction of 12 solar and battery energy storage projects, helping advance the UK’s net zero targets.
Bracewell structured the financing to allow construction to begin before securing Contracts for Difference (CfDs) — the UK government’s mechanism for stabilizing renewable energy revenues — for the outcome of ongoing grid reforms. That structure reduced the overall cost of capital while protecting both lender and sponsor interests, drawing on the firm’s experience in both traditional UK project finance and bespoke holdco financing models.
The deal was led by partners Gordon Stewart and Tom Jamieson in London, and Tom Swarbrick in Dubai.
Founded in 2006, the FT Innovative Lawyers Awards Europe recognize legal innovation across Europe, honoring firms and in-house teams for leadership in digital transformation, strategy, talent, sustainability and positive change.
