Commission finds that arbitration award ordering Spain to pay compensation in favour of Antin is illegal and incompatible State aid

In 2007, Spain established a support regime for the production of electricity from renewable sources. This scheme was not notified to the Commission for approval under State aid rules. The cut to renewables and Antin's ruling In 2013, Spain modified the conditions under which renewable energy installations could obtain support. The amendments also apply to facilities that had started receiving support under the 2007 regime. On November 10, 2017*…

The European Commission considers that Spain should not pay the compensation that established an arbitration because it would constitute unlawful state aid Brussels started an investigation in 2021 on the award of renewables in favour of Antin The European Commission considers that Spain does not have to pay the fine of 101 million euros to the Luxembourg investment fund Antin which determined an arbitral award for the withdrawal of the aid to r…

The European Commission declares "illegal state aid" the compensation to the French investor that was fixed by an unfavourable arbitral award to the country in 2018 and urges to avoid any other compensation Read

A decision by the European Commission could save Madrid more than EUR 1 billion on international arbitration against funds.

The "Antin case" is an international dispute that condemns our country to payment of 101 million.

'Don’t pay out': EU backs Spain in renewables subsidy row case

Numerous renewable energy investors hold awards totalling €1.5bn against Spain over cuts to its subsidy regime for wind and solar farms