2016
EDF v. Spain EDF Energies Nouvelles S.A. v. Kingdom of Spain (PCA Case No. AA613)
Spain
France
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.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
UNCITRAL
PCA (Permanent Court of Arbitration)
Escobar, A. A.
Alexandrov, S. A.
Vinuesa, R. E.
Decided in favour of investor
Award dated April 2023
52.80 mln EUR (61.30 mln USD)
29.60 mln EUR (32.20 mln USD)
Data not available
Data not available
None