ICSID Orders Spain To Pay More Than 30 Million Euros For Reduced Tariff Incentives

(March 11, 2021, 12:58 PM EST) -- WASHINGTON, D.C. — An International Centre for Settlement of Investment Disputes (ICSID)  tribunal in an award published March 9 ordered the Kingdom of Spain to pay more than 30 million euros with interest to two hydro and wind energy investors for damages caused when it reduced incentive tariffs for renewable energy sectors, with one arbitrator writing in a separate opinion that more damages should have been awarded....