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2014
RWE Innogy v. Spain RWE Innogy GmbH and RWE Innogy Aersa S.A.U. v. Kingdom of Spain (ICSID Case No. ARB/14/34)
Nationality of the parties
Spain
Germany
Summary of matters at issue
Ownership of several renewable energy generation enterprises in Spain, including the thermosolar plant Andasol 3 in Granada.
Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators’ revenues and a reduction in subsidies for renewable energy producers.
Economic sector and subsector
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
Arbitral rules and administering institution
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Composition of tribunal
Kessler, J. L.
Wordsworth, S.
Joubin-Bret, A.
Status/Outcome of original proceedings
Pending
Decisions rendered
None
Amount of compensation
273.00 mln EUR (317.10 mln USD)
Data not available
IIA breaches alleged/found
Data not available
Pending
Follow-on proceedings
None
Link to Italaw's case page