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.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.