Work Area: Renewable energy
Iberdrola faces claim from LNG buyer
Iberdrola is facing a US$535 million claim from Singaporean LNG company Pavilion Energy, while the Spanish utility has also filed a €12.6 million arbitration against a Portuguese energy company over two Polish wind farms it acquired last year.
16 August 2024
Korean company threatens claim over Pakistani hydropower project
UPDATED: A Korean hydroelectricity investor has threatened to bring an arbitration under its contract with a Pakistani state utility over the applicable tariff rates for a power plant project.
14 August 2024
Honduras hit with two renewable energy claims
A Spanish company and a Salvadoran businessman have filed ICSID claims against Honduras over their investments in renewable energy projects.
09 August 2024
Award creditor targets Spanish shares in London airport
Spain’s state-owned airport operator says its shares in London’s Luton Airport have been seized by a US renewable energy group seeking to enforce its €291 million ICSID award.
05 August 2024
European Commission pursues Hungary over Komstroy split
The European Commission has launched infringement proceedings against Hungary after the state broke with the rest of the European Union over the retroactive application of the Komstroy ruling on intra-EU arbitrations under the Energy Charter Treaty.
30 July 2024
Panel hears Kenyan electricity dispute
A tribunal is set to rule on a Spanish energy company’s under-the-radar claim against a Kenyan state-owned utility over a programme to provide electricity to impoverished areas of the country.
18 July 2024
Czech solar award upheld in Switzerland
The Swiss Federal Supreme Court has upheld an investment treaty award ordering the Czech Republic to pay European investors US$15 million over the state’s reforms to its solar legislation.
12 July 2024
Award creditor seizes Spanish air control assets in Belgium
A Belgian court has frozen US$32 million in revenues owed to Spain’s state-owned air traffic control company at the request of one of the country’s renewable energy award creditors.
11 July 2024
Swedish court sets aside another ECT award against Spain
The Svea Court of Appeal has set aside a €48 million Energy Charter Treaty award in favour of European solar investors against Spain, finding that as an intra-EU award it was incompatible with fundamental principles of Swedish and EU law.
04 July 2024
Hungary at odds with EU over declaration on Komstroy
Hungary has broken with other EU member states over their understanding of the effects of the European Court of Justice’s ruling in Komstroy – declaring that international law requires the Energy Charter Treaty be amended by its signatories to ensure its non-applicability to intra-EU disputes.
03 July 2024