USD 300 million. That is how much Danish pension fund PensionDanmark and German energy company E.on are claiming from the US state-owned energy company Lower Colorado River Authority (LCRA) headquartered in Austin, Texas.
The reason is that the US company canceled an electricity supply deal for the 200 MW Papalote Creek II wind farm, which is 50/50 owned by Pension Danmark and E.on, with the latter serving as operator.
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