Greenberg Traurig structures $375 million financing for Positive Zero

The financing marks a significant shift toward integrated, platform-based energy models in the Gulf Cooperation Council. By bundling on-grid and off-grid distributed solar generation with energy efficiency and clean mobility solutions, Positive Zero aims to set a new regional standard for multi-asset decarbonization. The portfolio spans operations in the UAE, Saudi Arabia, Bahrain, Oman, and Qatar.

A cross-border team from Greenberg Traurig’s Abu Dhabi, Dubai, and Riyadh offices managed the transaction. Angela Croker, head of the UAE Project Finance practice, led the team alongside Lindsay Crawford, with support from Shibeer Ahmed, Marwa Al-Siyabi, Anastasia Kastelskaya, Vanessa Simpungwe, and Faysal El Ayouby. According to Croker, the deal reflects the market's evolution toward complex, platform-based financing structures. Crawford noted that the transaction required high-level coordination to combine multiple asset classes under a single framework, signaling a growing sophistication in regional energy-as-a-service models.