Energy companies bring arbitration claim against Spain
The first case for the International Centre for Settlement of Investment Disputes (ICSID) of 2015 is between a number of major European energy companies and Spain.
The claim by, among others, the German company RWE concerns an investment in Andasol, a solar plant located in southern Spain, in the light of a reduction in subsidies for renewable energy by the Spanish government. The arbitration is taking place under the Energy Charter Treaty.
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