Work Area: Renewable energy

Japanese investor wins damages over Spanish solar reforms

An ICSID tribunal has ordered Spain to pay a Japanese investor over €23.5 million plus interest and costs after finding that changes to the state’s renewable energy regime frustrated its legitimate expectations.

25 November 2021

Spain knocks out Abengoa’s billion-euro claim

An SCC tribunal has thrown out a €1.2 billion claim against Spain brought by a subsidiary of insolvent Spanish infrastructure group Abengoa over the state’s renewable energy reforms.

17 November 2021

Hydrogen: risks, opportunities and potential disputes

Hydrogen is likely to be key in helping the world reach net zero emissions, while issues around its transport and certifying its green credentials are rife for future disputes, according to a panel at Paris Arbitration Week. Elise Edson and Dimitrios Katsikis of Shearman & Sterling report.

05 November 2021

Romania faces another renewables claim

Undeterred by a recent ruling from the European Court of Justice on the scope of the Energy Charter Treaty, an Austrian energy utility has lodged an ICSID claim against Romania over reforms to its renewable energy incentives scheme.

02 November 2021

Ukraine hit with another renewables claim

Ukraine has been hit with another treaty claim over reforms to its tariff regime for renewable energy, as a state agency faces an unrelated ICC claim brought by a Chinese state-owned enterprise.

29 October 2021

Zimbabwe wins currency dispute with hydro producer

An ICC tribunal has ruled that Zimbabwe’s state-owned electricity company was entitled to pay a hydropower producer in its local currency, a case that could reportedly affect other renewable energy projects.

25 October 2021

Transition trends as we approach "peak oil"

The energy transition away from primary reliance on fossil fuels will change the face of international arbitration, potentially causing greater price volatility, a larger share of the oil and gas market for state-owned energy companies and a rise in disputes over renewables and construction of nuclear power plants, argues Justin Williams, partner and practice head at Akin Gump.

25 October 2021

Will future energy investments be protected?

In a keynote address at GAR Live Energy Disputes, Doak Bishop of King & Spalding defended investment treaty arbitration as a vital means of protecting the trillions of dollars of foreign investment needed to meet international climate change goals – while expressing concern at some reforms to the system now being considered.

30 September 2021

Zimbabwean hydro dispute heads to ICC

A hydropower producer is pursuing ICC arbitration in Johannesburg against Zimbabwe’s state-owned electricity company in a dispute over missed payments that it says could affect several of the country’s renewable energy projects.

19 August 2021

Peru defeats hydro claims at ICSID

Six hydroelectric power companies have seen their ICSID case against Peru dismissed on jurisdiction after a tribunal ruled that they could not combine their claims to meet contractual requirements that disputes must be worth over US$20 million to be heard at the centre.

18 August 2021

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