Work Area: Renewable energy

Mexico power bill draws warning of treaty claims

A Mexican business lobby has warned the government of President Andres Manuel Lopez Obrador that proposed reforms to the country’s electric market amount to “indirect expropriation” and may lead investors to file treaty claims.

03 February 2021

Spain ordered to pay damages to solar investors

An ICSID tribunal has ordered Spain to pay €22 million to German solar investors in the latest award arising from the state’s reforms to its subsidy regime for renewable energy.

27 January 2021

Disputes arise from Colombian hydro disaster

UPDATED: A Colombian public utility is seeking US$1.6 billion from a Spanish insurer following the collapse of a hydroelectric dam which caused a major flood, while another billion-dollar dispute with the consortiums behind the project has also gone to arbitration.

18 January 2021

Ukrainian state entity prepares Crimea claim

Ukraine’s national nuclear energy company has instructed counsel as it prepares to file a US$100 million treaty claim against Russia over the expropriation of a wind farm in Crimea.

06 January 2021

What you missed at ICSID

Before the holiday break, ICSID saw another solar award rendered against Spain, a stay lifted in another renewables case, a new €100 million claim against Albania and the settlement of a US$500 million claim against Uzbekistan.

04 January 2021

Austrian court enforces award against Albania

A court in Vienna has enforced a €110 million ICSID award against Albania won by Francesco Becchetti and other Italian investors in the country’s media and hydroelectric sectors.

02 December 2020

Thai bank must face fraudulent transfer claims

One of Thailand's largest commercial banks has failed to knock out part of a UK fraud litigation in which it is accused of conspiring to steal US$2 billion worth of wind energy assets and frustrate enforcement of a US$700 million ICC award.

26 November 2020

Argentine grid manager facing third claim

A third renewables investor is bringing an UNCITRAL claim against Argentina’s electricity market manager at the Permanent Court of Arbitration.

17 November 2020

Swedish court rebuffs Spain again over ECJ referral

Spain has once again failed to persuade a Swedish court to refer questions about the Energy Charter Treaty to the European Court of Justice before deciding whether to set aside an award in favour of renewables investors.

06 November 2020

Japanese investor lodges solar claim against Spain

Japanese conglomerate Mitsui & Co has filed a new ICSID claim against Spain over a €260 million solar power project – alleging that the state's new renewables incentives regime is a breach of the Energy Charter Treaty.

04 November 2020

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