Ecolex Logo
The gateway to
environmental law
Search results » Jurisprudence

9REN Holding v. Spain

Date
May 1, 2019
Source
UNEP, InforMEA
Reference number
ICSID Case No. ARB/15/15
Abstract
In March 2015, 9REN filed a claim against Spain alleging a violation of the fair and equal treatment provisions of the Energy Charter Treaty by the Government of Spain. The claim arose as a result of measures, implemented in 2010, which introduced a number of changes to a previous incentive regime for renewable energy established in 2007, and included a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers. The Tribunal awarded the company damages of nearly USD $50 million.

Key environmental legal questions:

Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers.
Full text
9REN-Holding-v.-Spain-Award-italaw10565.pdf
Website
climatecasechart.com