Litigation

9REN Holding v. Spain

Date

2015

Geography

International

About this case

Filing year

2015

Status

Decided

Geography

International

Court/admin entity

–

Case category

Suits against governments → Trade and Investment → Rollback of climate-justified measures

Principal law

–

At issue

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.

Documents

Filing Date

Type

Document

Summary

05/31/2019

Decision

View

Award

Summary

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.