LONDON AND DUBAI – Bracewell LLP was named a finalist for Legal Consultant of the Year at the 2026 Middle East Solar Industry Association (MESIA) Solar Awards. The firm was recognized for its creative work advising a lending consortium in relation to the successful bid, development, financing and shareholder arrangements in relation to the $1.1 billion, 2-GW Al Sadawi solar PV project in the Kingdom of Saudi Arabia.
Led by partners Oliver Irwin and Tom Swarbrick, Bracewell advised Abu Dhabi Future Energy Company (Masdar), Korea Electric Power Corporation (KEPCO) and GD Power on the project, which marks a significant milestone in the Kingdom’s journey toward achieving its energy mix target of 50 percent renewable energy by 2030. The team structured a multi-sourced financing combining export credit agencies, Islamic tranches and commercial lenders under harmonized intercreditor terms, seamlessly blending Shari’ah-compliant and conventional structures while incorporating corporate bridge and export-based loan facilities on a pari passu basis until investment.
The Al Sadawi project is set to be one of the world’s largest solar plants. It will contribute substantially to sustainable development and reduce carbon emissions in the Kingdom of Saudi Arabia.
Founded in 2012 and headquartered in Dubai, MESIA is a non-profit, non-governmental trade organization promoting the solar industry’s growth in the Middle East and North Africa (MENA) region. The annual Solar Awards celebrate the exceptional talent and achievements in the MENA solar market.
This year’s winners will be announced at an awards ceremony in Dubai on January 14.
