Al Kharsaah Solar IPP Named Project Finance Deal of the Year at 2021 IFLR Middle East Awards

DUBAI – Bracewell LLP was among the law firms lauded for its role in the 800.15 MW Al Kharsaah solar photovoltaic independent power project (IPP) in Qatar, which was named Project Finance Deal of the Year at the IFLR Middle East Awards 2021 on October 27.

Bracewell acted as lead international counsel to an international investment consortium, comprised of Siraj Energy, Marubeni Corporation and Total Solar, in the development and implementation of the first utility-scale renewables independent power project in Qatar, which will meet up to 10 percent of Qatar’s peak electricity demand when the project reaches total capacity.

“The Al Karsaah project is the kind of innovative transaction that illustrates Bracewell’s leadership in the region on energy and infrastructure projects. We are pleased that this first-of-its-kind project is receiving the recognition that it deserves,” said Andrej Kormuth, who led the Dubai and London team on all aspects of the transaction.

Other team members included partners Clint Steyn, Oliver Irwin and Tom Swarbrick; senior associate Ade Mosuro; and associate Shayan Najib.

Bracewell was also a finalist for “Project Finance Team of the Year,” and another transaction on which it advised – the 300 MW Rabigh solar photovoltaic independent power project in Saudi Arabia – was shortlisted for Project Finance Deal of the Year.

IFLR’s Middle East Awards honor the most innovative law firms in the region based on the research culminating in the annual IFLR1000 directory.