The Spanish government has been sentenced to pay a fine to two equity funds as retroactive compensation for cutting subsidies to renewable energy sources, announces Spain's Ministry of Energy.
The electricity reform, announced in 2013 and implemented in 2014, has cost developers upwards of EUR 2.15 billion, according to the industry. Meanwhile, media report that a total 26 international investors have filed similar arbitration cases against the Spanish government.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
H2 Energy calls for political courage, high carbon levy
Swiss firm H2 Energy, set to establish a 1GW hydrogen facility in Denmark, sees the transformation of heavy transport as a low-hanging fruit and calls for political courage to secure offtakers.
WindEurope warns against negative auction bids
If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.
BW Offshore halved bottom line in Q1
The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.
Equinor exits Russia
Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.
Better Energy enters 1GW Finnish collaboration
Solar panel developer Forus is teaming up with Better Energy on the sustainable development of solar farms in Finland.
Project assistant 
Senior Expertise Director, Green fuels and PtX 
Business developer for one of the world's most important green projects 
We are looking for project managers who will help shape the green transition and develop the business area "Sustainable Energy" 
Pipeline Manager 
Senior Risk Analyst 
Senior Logistics Site Manager 
Team Manager 
Industry specialist and architect - Energy & Utility 
Economists who are passionate about advocacy and industrial economics 
Junior Product Manager 
Strategic project manager for the green transition 
Engineer or physicist with an interest in energy, international work, supervision and regulation 
Energy specialists - sales and consulting of heat pump solutions