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- Silver Ridge v Italy
Silver Ridge v Italy
Geography
International
Year
2015
Document Type
Litigation
About this case
Filing year
2015
Status
Decided
Geography
International
Court/admin entity
–
Case category
Suits against governments (Global) → Trade and Investment (Global) → Rollback of climate-justified measures (Global)
Principal law
–
At issue
Claims arising out of a series of governmental decrees to cut tariff incentives for some solar power projects
Topics
, ,
Documents
Filing Date
Document
Type
Topics
Beta
Summary
In August 2015, Silver Ridge, a company incorporated in the Netherlands, which owned and controlled an Italian subsidiary that operated 25 photovoltaic (PV) plants, filed a request for arbitration against Italy, contesting Italy’s changes to the legal regime governing investments in the PV sector. Silver Ridge challenged the adoption of certain decrees under Articles 10 and 13 of the ECT.
The Tribunal dismissed all claims on merits assessing that the new legislation and incentives rates were reasonable, foreseeable and proportionate, recognizing such measures as having a public policy purpose.
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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Adaptation/resilience
Finance