Industry: Renewable energy
EU Commission proposes invoking ECT’s denial of benefits clause
The European Commission has proposed that the EU should invoke the Energy Charter Treaty’s denial of benefits clause to withdraw protections for Russian and Belarusian investors.
10 April 2024
ICSID panel orders Romania to pay European solar investors
A split ICSID tribunal has reportedly ordered Romania to pay a group of European solar investors more than €46 million in an Energy Charter Treaty claim over the state’s cuts to its renewable energy incentive scheme.
20 March 2024
German fund loses solar claim against Italy
A German investment fund has lost its Energy Charter Treaty claim against Italy concerning reforms to the state's solar power sector.
12 March 2024
UK latest to leave ECT
The UK has confirmed it will withdraw from the Energy Charter Treaty, citing the failure of efforts to align it with climate change goals.
22 February 2024
Spain avoids damages in ECT case
A split ICSID tribunal has rejected a Swiss investor’s €175 million damages claim against Spain after concluding that the state’s reforms to its renewable energy regime resulted in only a limited breach of the Energy Charter Treaty.
22 February 2024
Spain fails to reopen solar reform award
An ICSID committee has refused to annul an Energy Charter Treaty award ordering Spain to pay a Japanese investor more than €23.5 million over the state’s reforms to its renewable energy regime.
08 February 2024
Spain avoids security order ahead of UK appeal
The Court of Appeal in London has refused to order Spain to pay €120 million in security as a condition for its appeal against the registration of an ICSID award – after the state agreed to stay litigation it has brought against the award holders in Luxembourg.
01 February 2024
Packaging company launches claim against Poland
A UK sustainable paper and packaging company has lodged an Energy Charter Treaty claim against Poland over a renewable energy project.
01 February 2024
Czech Republic ordered to pay over solar measures
The last of seven investment arbitrations launched by European investors against the Czech Republic over changes to its solar power legislation over a decade ago has concluded with the state being ordered to pay US$15 million.
30 January 2024
E.ON reports win in ECT claim against Spain
German energy group E.ON says it has won one of the largest awards so far in the treaty cases filed against Spain over the state’s renewable energy subsidy reforms.
19 January 2024