Bracewell Represented TotalEnergies, Toyota Tsusho Corporation and Alternative Solutions for Renewable Energy in Relation to Their Successful Financial Closing on the Wadi Ad Dawasir Solar PV IPP in Saudi Arabia
This project was originally tendered in 2020 and survived incredible obstacles presented by the worldwide COVID-19 pandemic and subsequent inflationary pressures. The consortium persevered in spite of these challenges to find commercial solutions to otherwise very difficult market conditions. The Bracewell team proudly advised the consortium from inception to financial closing and was there, with the consortium, through all these challenges. The Bracewell team was led by Andrej Kormuth on the project documents, Oliver Irwin on financing and Tom Swarbrick on construction.
Andrej Kormuth, who led the Bracewell team, commented: “We are proud to have worked with the consortium and all stakeholders in finding solutions to otherwise difficult market conditions, and ultimately bring this momentous deal to a successful closing. This is our second financial closing amongst four renewables deals under Saudi Arabia’s third round of renewables, firmly establishing Bracewell’s continuing leadership in the renewables sector within Saudi Arabia and regionally.â€
Bracewell lawyers involved in the transaction include:
Partners: Andrej Kormuth, Oliver Irwin and Tom Swarbrick
Senior Associates: Shayan Najib and Ben Pridgeon
Associates: Amelia Bowring and Nick Meyer
Senior Paralegal:Â Tess Luijcx
