30 Apr '15, 2pm

International Remedies for Foreign Investors in Europe's Renewable Energy Sector

International Remedies for Foreign Investors in Europe's Renewable Energy Sector

As governments rolled back feed-in tariffs (FITs) and failed to honour governmental guarantees, investors in the renewable energy sector have seen their investments decimated, or substantially reduced. Many have already turned to investor-state arbitration in an attempt to recoup their investments — 23 percent of known investor-state arbitrations in 2013 arose as a result of renewable energy measures adopted by Spain and the Czech Republic. This article explains the measures that were taken against investors in the affected EU countries, and describes the international remedies available to investors seeking to recoup their losses. Spain In 2010, the government chipped away renewables incentives, including: (i) limitation on eligible operating hours; (ii) cancellation of the price premium guarantee after 30 years; (iii) revision of the inflation index; (iv) total replaceme...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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