2015
SolEs Badajoz v. Spain SolEs Badajoz GmbH v. Kingdom of Spain (ICSID Case No. ARB/15/38)
Spain
Germany
Ownership of Fotones de Castuera, a Spanish company operating two photovoltaic plants (Badajoz I and Badajoz II) in the Autonomous Region of Extremadura, Spain.
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
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Donoghue, J. E.
Alexandrov, S. A. (replaced)
Joubin-Bret, A. (replaced)
Williams, D. A. R.
Sacerdoti, G.
Decided in favour of investor
Decision on the Rectification of the Award dated 5 December 2019
95.80 mln EUR (106.80 mln USD)
40.50 mln EUR (44.90 mln USD)
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Indirect expropriation

Umbrella clause
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
ICSID annulment proceedings
ICSID annulment proceedings
Pending
None
Bull, C. (President)

Ó Hoisín, C. (Member)

Pierola Castro, N. F. (Member)