Greenberg Traurig Advises on Landmark Financing for Innovative Energy Project in the Middle East

Greenberg Traurig Advises on Project Peregrine: A Groundbreaking Energy Financing

In a significant stride towards energy transition in the Middle East, global law firm Greenberg Traurig has successfully facilitated a landmark financing transaction for Project Peregrine. Representing Natixis CIB and The Arab Energy Fund, their team played a pivotal role in securing funding that could reach up to $375 million for a diversified energy infrastructure portfolio managed by Positive Zero, a prominent energy transition platform based in the UAE.

A New Era in Energy Financing

Project Peregrine is poised to be a game changer, reflecting a monumental shift in the regional energy landscape. The project encompasses a diverse portfolio that spans across the UAE, Saudi Arabia, Bahrain, Oman, and Qatar, focusing on both grid-connected and off-grid solar generation, energy efficiency innovations, and clean mobility infrastructures. This marks one of the first large-scale financing initiatives of its kind in the Middle East, with expectations that it will set a new precedent for similar multi-asset and multi-technology platforms across the region.

Greenberg Traurig's Abu Dhabi, Dubai, and Riyadh offices—led by Project Infrastructure Finance Shareholder Angela Croker—actively contributed to this innovative financing endeavor, demonstrating their commitment to supporting the energy transition in the region. Croker commented on the project, stating, "This financing represents the evolution of the energy market towards integrated solutions, positioning us to better meet sustainability challenges."

Integrated Decarbonization Approach

The success of Project Peregrine underlines Positive Zero's comprehensive approach to decarbonization. By integrating generation, efficiency, and mobility solutions into a single platform, the project aims to expedite sustainable infrastructure growth in the UAE and beyond. Such an integrated model is crucial for reducing carbon footprints and enhancing energy efficiency in the region.

Leading the legal aspects of this intricate deal, Greenberg Traurig coordinated efforts among diverse stakeholders to ensure a seamless financing process. Of Counsel Lindsay Crawford noted, "The project showcases the increasing sophistication of energy-as-a-service models and the need for a highly coordinated approach to bring together various asset classes for effective financing."

Growing Presence in the Middle East

Since establishing its foothold in the Middle East in 2023, Greenberg Traurig has made significant strides, including the launch of an office in Abu Dhabi in 2025. This expansion underlines the firm's dedication to the region's pivotal industries, such as real estate, infrastructure, energy, and financial services.

The firm's projected growth trajectory and ongoing partnerships showcase their robust involvement in the Middle Eastern energy market, signaling a firm commitment to facilitating legal solutions that promote sustainable growth. Through transactions like Project Peregrine, they are helping to forge a future characterized by innovative energy solutions.

About Greenberg Traurig

Greenberg Traurig, LLP boasts a substantial global footprint with over 3,100 attorneys across 51 offices in regions including the United States, Europe, the Middle East, Latin America, and Asia. The firm offers extensive, strategic legal services, positioning itself as a pivotal player in the legal landscape while maintaining a strong commitment to philanthropy, innovation, and pro bono initiatives. For more information, visit www.gtlaw.com.