FREIF Eurowind v. Spain FREIF Eurowind Holdings Ltd. v. Kingdom of Spain (SCC Case No. 2017/060)
United Kingdom
Shareholding of 50% (preferred equity interest) in a portfolio of six operating wind parks with a total capacity of 244 MW, as part of a joint venture with Spanish company Renovalia.
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
SCC (Stockholm Chamber of Commerce)
SCC (Stockholm Chamber of Commerce)
Jones, D.
Hobér, K.
Clay, T.
Decided in favour of State
99.40 mln EUR (118.40 mln USD)
Data not available
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures
None - all claims dismissed at the merits stage