The Commission has weighed in on a long-running dispute between two companies and the Kingdom of Spain over withdrawn incentives for renewable energy investments.
The European Commission has instructed Spain not to pay a €101 million arbitration award after concluding that it constitutes illegal state aid, the Commission announced this week.
The long-running dispute involves two European companies that took the Kingdom of Spain to arbitration more than a decade ago over the country’s withdrawal of economic programs favoring clean energy investments.
