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P lans by Spain’s National Commission on Markets and Competition (CNMC) to increase the guaranteed return on investments in the country’s power grids has been described as insufficient to retain ...
Spanish energy company Cox will focus its new strategic plan on Mexico, where it envisages more than $10 billion in water and renewable energy investments by 2030, CEO Nacho Moreno told Reuters.
Spanish power utility Endesa reported on Tuesday a 30% rise in first-half net profit to 1.04 billion euros ($1.20 billion), ...
MADRID (AP) — Renewable energy investors who lost subsidies promised by Spain are heading to a London court to try to claw back $125 million from the government — a decadelong dispute with ...
The Energy Charter Treaty and the Protocol were signed in December 1994 to promote international investment in the energy sector. On 16 April 2024, Spain gave written notice of its decision to ...
Experts say the Inflation Reduction Act is already drawing clean energy investment away from EU countries like Spain, leaving the 27-nation bloc much less competitive globally.
However, for Spain, almost all cases relate to renewable energy. “If you take the bigger picture, the EU is shooting itself in the foot by supporting Spain in this,” Lavranos said.
Spain in 2018 was ordered to compensate investors over its subsidy changes. Despite being told to pay out more than $1 billion by the international body, Spain has refused, citing EU rules.
In 2013, the investors in Spain brought a case before the World Bank-backed International Centre for Settlement of Investment Disputes, an arbitration body between governments and investors.