Yasser K. Riad

Representative experience includes:

Solar / Power

• Ongoing representation of Emirates Water & Electricity Company (EWEC) in connection with the Nouf 1 IPP, Taweelah C IPP, the Madinat Zayed IPP, the Saadiyat Island RO IWP, the UAN IWPP extension, the BESS 1 Project, and the restructuring and extension of the Shuweihat 1 IWPP.
• Representation of Sweihan PV Power Company PJSC, the owner and operator of the Noor Abu Dhabi solar PV plant, in connection with the refinancing in full of the Noor Abu Dhabi project through the issuance of US$700.8 million 3.625% green senior secured green bonds. This deal was recognised as "Structured Bond Deal of the Year" by Bonds, Loans & Sukuk Middle East Awards 2023 and "Renewable Energy Refinancing Deal of The Year" by The Asset Triple A Sustainable Infrastructure Awards 2023.
• Representation of Saudi Power Procurement Company (SPPC) in connection with the 1.5 GW Sudair PV IPP project (recognised as "MENA Renewables Deal of the Year" by IJGlobal 2021 and "Structured Finance Deal of the Year" by Capital Markets Saudi Arabia Awards 2021); the 2,060MW Al Shuaibah 2 PV IPP project; the 700MW Ar Raas PV IPP project; the 300MW Saad PV IPP project; the 300MW Rabigh PV IPP project; and the 300MW Jeddah PV IPP project.
• Representation of SPPC in connection with the first phase of the NREP Round 4 solar projects in the Kingdom of Saudi Arabia.
  Representation of SPPC in connection with the US$2.37 billion Al Shuaibah 1 & 2 PV IPP projects, having an aggregate capacity of over 2.6GW.
• Representation of EWEC in connection with the PV2 IPP involving the development of a 2GW solar project, the largest single-site solar project in the world, together with a grid station and associated facilities in the Emirate of Abu Dhabi, UAE. This deal was recognised as "Middle East Solar Deal of the Year" by Project Finance International 2020 and "MENA Renewables Deal of the Year" by IJGlobal 2020.
• Representation of EWEC in connection with the development of the US$1.14 billion Fujairah F3 power generation plant having a net capacity of 2400MW together with a grid station and associated facilities. This deal was recognised as "Middle East Power Deal of the Year" by Project Finance International 2020 and "MENA Power Deal of the Year" by IJGlobal 2020.
• Representation of the Water and Electricity Holding Company (Badeel), a subsidiary of the Saudi Arabian sovereign fund, the Public Investment Fund, in connection with the development and US$2.25 billion financing of three separate solar PV projects in the Kingdom of Saudi Arabia - Ar Rass 2 PV IPP, Saad 2 PV IPP and Al Kahfah PV IPP.

Sustainable Water Desalination

• Ongoing representation of EWEC in connection with the Saadiyat Island RO IWP.
• Representation of EWEC in connection with the Mirfa 2 RO IWP, involving the development at the Mirfa complex of a 120MIGD reverse osmosis desalination plant. This deal was recognised as "Middle East and Africa Infrastructure Deal of the Year" by Project Finance International 2023 and "Desalination Deal of the Year" by IJGlobal 2023.
• Representation of EWEC in connection with the Taweelah RO IWP, involving the development at the Taweelah complex of a 200MIGD reverse osmosis desalination plant. This deal recognised as "MENA Water Deal of the Year" by IJGlobal 2019 and "Middle East Project Finance Deal of the Year" by IFLR 2020, and has obtained the first-ever "sustainable loan" qualification for a water desalination project globally.

Nuclear

• Representation of ADWEA in connection with the US$ multi-billion Barakah nuclear project being developed in Abu Dhabi. The transaction was named "MENA Public Sector Financing Deal of the Year" by IJGlobal 2017 and "Middle East Project Finance Deal of the Year" by IFLR 2017.
• Representation of Saudi Power Procurement Company as an offtaker in connection with the procurement of the proposed 2.8GW Duwaiheen nuclear power plant to be located in the Eastern Province of the Kingdom of Saudi Arabia, expected to be comprised of two 1.4GW nuclear reactor units.

Wind

• Representation of EWEC in connection with the UAE Wind Programme, covering four separate wind power farms across Abu Dhabi with a combined generation capacity of up to 103.5 MW of renewable electricity, as well as 14 MW of solar PV generation.
• Representation of SPPC in connection with the first phase of the NREP Round 4 wind projects in the Kingdom of Saudi Arabia.
• Representation of Bayerische Landesbank, Norddeutsche Landesbank Girozentrale, Union Bank, Rabobank and Banco Santander in connection with the US$352 million project financing of the 150 MW Lost Creek wind farm in DeKalb County, Missouri.
• Representation of a consortium of lenders in the renewal, modification and extension of a loan to an affiliate of NRG Energy, Inc., secured by the 101 MW South Trent wind farm located in Nolan and Taylor Counties, Texas.

Energy Efficiency

• Ongoing representation Abu Dhabi Energy Services (a subsidiary of Abu Dhabi National Energy Company (TAQA)), in connection with the "Super ESCO" for the Emirate of Abu Dhabi.

Oil & Gas

• Representation of Proman AG in a joint venture with Abu Dhabi Chemicals Derivatives Company RSC Ltd. (TA'ZIZ) to develop the UAE's first world-scale gas to methanol production facility at the TA'ZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi, with an anticipated annual capacity of 1.8 million tons per annum. TA'ZIZ is a joint venture between ADNOC and ADQ.
• Representation of nine regional and local lenders in connection with the SAR6.1 billion Islamic project financing of Advanced Polyolefins Industry Company's new petrochemicals complex located in Jubail Industrial City, Kingdom of Saudi Arabia. This deal was recognised as "Petrochemicals Deal of the Year" by IJGlobal 2022 "Project Finance Loan Deal of the Year" by Capital Markets & ESG Finance Saudi Arabia Awards 2023.
• Representation of Saudi Arabian Oil Company on the development and financing of the Refinery and Petrochemical Integrated Development ("RAPID") project in the southern Malaysian state of Johor. This deal was recognised as "Best Malaysia Deal" by FinanceAsia Achievement Awards 2018, "Asia Pacific Petrochemicals Deal of the Year" by IJGlobal 2019, and "Asia-Pacific Petrochemical Deal of the Year" by PFI 2019.
• Representation of six ECAs and 19 international and local banks in connection with the project financing (including multiple ECA covered tranches) of the US$6.4 billion LIWA Plastics petrochemical project in Oman. This project was recognised as "Middle East and Africa Petrochemical Deal of the Year" by Project Finance International 2016, "MENA Petrochemical Deal of the Year" by IJGlobal 2016 and "Project Finance Deal of the Year" by Bonds, Loans & Sukuk Middle East Awards.