The Government's obsession with renewables or how to lower the bill of light without lowering taxes on light

The Spanish proverb says that revenge is served on a cold plate and that is what the government seems to be able to do with foreign investors who demanded from Spain billions of euros for the retributive cuts in renewable assets over the last few years. Claims that amounted to 10 billion euros and that have gradually come out different judgments and/or awards that justify investors on some occasions and the Government of Spain on others. In tota…

The European Commission has granted Spain a ‘silver bullet’ to avoid paying billionaire compensation to energy companies affected by the axe to renewable aid approved by the Executive of Mariano Rajoy. Brussels has decided to exempt Spain from paying the outstanding compensations for arbitral awards because they would be considered illegal state aid to the beneficiary companies. But the Government of Pedro Sánchez mobilizes to fully shield itsel…

In recent years, Spain has placed itself on the podium of European countries with the cheapest price of light for high renewable generation. More information: The electricity sector accounts: the 7% generation tax forces Spain to import 10 TWh from France per year

The government prepares all the legal artillery of the state against groups that resold economic rights from arbitration to funds specialized in litigating around the world like Blasket. Read