ICSID, 16 May 2018, Masdar Solar & Wind Cooperatief U.A. v. Kingdom of Spain, no. ARB/14/1, Award

On 16 May 2018, an ICSID arbitral tribunal issued a final award on jurisdiction, merits and costs in favour of a Dutch investor against Spain. The dispute arose out of the Respondent’s reforms on the renewable energy market, undertaken from 2012 to 2014. All these regulatory modifications occurred after years of the State’s encouraging of [...]

2018-06-27T21:50:20+02:00May 16th, 2018|ICSID, International awards|0 Comments

SCC, 15 February 2018, Novenergia II – Energy & Environment (SCA) (Grand Duchy of Luxembourg), SICAR v. The Kingdom of Spain, no. 2015/063

Novenergia, an investment fund in Luxembourg, invested in eight photovoltaic plants in the Kingdom of Spain in 2007. It did so relying on the country’s explicit offer in its regulatory framework of a fixed long-term price for energy. However, subsequent regulations retroactively repealed this framework. Norvenergia initiated arbitration proceedings before the Stockholm Chamber of Commerce [...]

2018-03-04T22:54:49+01:00February 15th, 2018|International awards, SCC|0 Comments
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