Spain offers compensation to renewables investors

Renewables investors who withdraw compensation claims for retroactive cuts in support introduced in 2013 by Spain’s then conservative government will be guaranteed a preferential return on their investments up to 2031.

Renewables investors who withdraw compensation claims for retroactive cuts in support introduced in 2013 by Spain’s then conservative government will be guaranteed a preferential return on their investments up to 2031.

International investors have taken 45 claims for almost €10bn to arbitration panels, ten of which have already been settled against Spain for a total of €821m. Domestic investors, who only have recourse to Spanish courts, have failed to obtain any compensation.

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