ICSID Finds Solar Energy Investor Was Not Harmed By Italy's Changes To Incentives

Mealey's (September 11, 2020, 10:40 AM EDT) -- WASHINGTON, D.C. — After finding that Italy's changes to a solar power incentives program were not arbitrary or nontransparent and were made before an Italian entity controlled by Belgian shareholders began construction of solar power plants, an International Centre for Settlement of Investment Disputes (ICSID) tribunal in an award issued Sept. 4 and made public Sept. 8 denied the entity's 196 million euro claim against the Italian Republic alleging unfair treatment and expropriation of its investment (Eskosol S.p.A. in liquidazione v. Italian Republic, No. ARB/15/50, ICSID)....