Work Area: Renewable energy

Lesotho on the hook for stalled solar project

A German renewables company has applied to enforce a €50 million award against Lesotho after the southern African state reneged on a contract to buy solar energy equipment.

18 May 2021

Germany faces more blowback from wind investors

A Dublin-based renewable energy company has become the second investor to launch an ICSID claim against Germany over legislative changes that disrupted plans to develop wind projects in the North Sea.

17 May 2021

Wind park investor seeks to revive Dominican lost profits claim

A Spanish renewable energy company has applied to a Miami court to revive a nearly US$288 million ICC claim against the Dominican Republic for lost profits from a wind park that was never built.

12 May 2021

Ukraine faces claim over renewables reforms

Lithuanian renewables company Modus Energy has filed an Energy Charter Treaty claim against Ukraine – thought to be the first in a potential wave of cases the state could face over reforms to its tariffs regime.

28 April 2021

Spain largely defeats Toyota renewables claim

An ICSID tribunal has largely dismissed a €258 million Energy Charter Treaty claim brought by a subsidiary of Japan’s Toyota Group against Spain over its renewable energy reforms.

25 March 2021

Swiss court rejects Spain’s challenge to solar award

A Swiss court has upheld a €91 million Energy Charter Treaty award in favour of a group of solar power investors against Spain despite the tribunal’s refusal to reconsider its jurisdiction in light of Achmea.

23 March 2021

Ecotourism investors put Costa Rica on notice

A German family of ecotourism investors have threatened Costa Rica with an ICSID claim after their land was expropriated to build a hydropower plant.

19 March 2021

Tribunal won’t reopen Spanish solar award

An ICSID tribunal has refused to revise a €28 million Energy Charter Treaty award against Spain over reforms to its renewable energy subsidy regime – concluding that the state’s request was without legal merit.

11 March 2021

Spain defeats renewables claim by Blackrock

An SCC tribunal has dismissed a €135 million Energy Charter Treaty claim brought against Spain by a subsidiary of US investment fund Blackrock over the state’s reforms to its renewable energy subsidy regime.

09 March 2021

Japan faces first treaty claim

A Hong Kong-based investor has brought the first known investment treaty claim against Japan over cuts to renewable energy subsidies – reportedly creating panic in the Japanese government that those reforms may lead to a wave of claims.

03 March 2021

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