2015
Greentech and NovEnergia v. Italy Greentech Energy Systems A/S, NovEnergia II Energy & Environment (SCA) SICAR, and NovEnergia II Italian Portfolio SA v. Italian Republic (SCC Case No. 2015/095)
Italy
Denmark

Luxembourg
Ownership of 134 solar plants located in Italy.
Claims arising out of a series of governmental decrees to prematurely cut tariff incentives for photovoltaic plants originally offered for 20-year period, as well as modifications to the taxation regime and minimum guaranteed price scheme, cancellation of inflation adjustment and imposition of new fees.
Tertiary: D - Electricity, gas, steam and air conditioning supply
35 - Electricity, gas, steam and air conditioning supply
SCC (Stockholm Chamber of Commerce)
SCC (Stockholm Chamber of Commerce)
Park, W. W.
Haigh, D.
Sacerdoti, G.
Decided in favour of investor
11.90 mln EUR (13.50 mln USD)
11.90 mln EUR (13.50 mln USD)
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures

Umbrella clause
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Arbitrary, unreasonable and/or discriminatory measures

Umbrella clause
Judicial review by national courts
Judicial review by national courts
Pending
None