DUBAI – Bracewell LLP is pleased to announce that the firm has been named Infrastructure and Energy Projects Team of the Year at The Middle East Legal Awards 2018, which was held in Dubai on April 19, 2018. The firm previously won the Infrastructure and Energy Projects Team of the Year Award in 2017 and was shortlisted in this category in 2016. Bracewell is the only firm to win this award twice or more since its inception in 2012.
Bracewell’s recognition is due in large part for advising Alcazar Energy Partners in connection with its project financing of four 50 megawatt solar projects in Egypt as part of Round 2 of Egypt’s Renewable Energy Feed-in-Tariff Programme (Egypt FiT). The Egyptian government announced the Egypt FiT Programme in September 2014, which aims to provide up to 4 gigawatts of renewable energy to the grid in the face of serious power shortages and outages. The firm advised Alcazar on engineering, procurement and construction contracts, power purchase agreements, operations and maintenance contracts, usufruct agreements, network connection contracts, cost sharing agreements, and related project documents with the Egyptian Electricity Transmission Company. In addition, Bracewell advised on the project financing and all related documentation in relation to the four solar projects. Bracewell’s representation of Alcazar was also recognized as part of the Egyptian solar projects named 2017 Global MLA Deal of the Year at the Project Finance International Awards.
Bracewell’s cross-office representation on the Alcazar project was led by Partners Robert J. Harker (Dubai) and Tracy London (London). Contributing team members included Senior Counsel Simon Stevens (Houston); Senior Associates Laura Capelin (Dubai) and Thomas Swarbrick (London); and Associates Ade Mosuro (Dubai) and Kirsty Law (London).
Bracewell is at the forefront of representing developers in both the Egypt and Jordan FiT Programmes. The firm was chosen Infrastructure and Energy Projects Team of the Year at The Middle East Legal Awards 2017 after advising Alcazar on the project development and financing of the 82 megawatt Al Rajef Wind Power Project in Jordan.
The Middle East Legal Awards showcase the region’s top lawyers and legal departments. The law firm team awards cover a range of practice areas with winners being chosen by an independent judging panel. The Middle East Legal Awards 2018 was jointly hosted by ALM’s business law news website Legal Week and the Association of Corporate Counsel Middle East Chapter.