keywords: ECT, energy, investor-state disputes | ISDS, Spain… })(window,document,'script','//www.google-analytics.com/analytics.js','ga'); New to ISLG? The PV Investors v. Spain The PV Investors v. Spain (PCA Case No. FusionCharts XT will load here! v. Spain. The PV Investors v. The Kingdom of Spain (PCA Case No. Case type: International Investment Agreement. Oil, Gas & Energy Law Intelligence (OGEL). In comparison, the average installed cost in 2011 in Italy, Spain, Portugal and the United States was between USD5.7 to USD5.8/W. You can find all TDM IACL Case Reports here. Limited, and The Tribunal rejected the principal claim of approximately €2 billion, giving a … More than 40 cases concerning renewable energy, such as wind, photovoltaic (PV) and thermal solar energy, have been brought by private investors against States (especially Spain and Italy) under the Energy Charter Treaty (ECT) alone. Respondent is the Kingdom of Spain (‘Spain’ or ‘Respondent’) (¶¶ 2-5). Practice Area. PV Investors v. Kingdom of Spain A New Paradigm in Regulatory Arbitration VIEW MORE. 50+ Investor-State arbitration cases experience . Fill in the registration form and answer a few simple questions to receive a quote. The dirty secrets of the ‘renewable claims’ against Spain We encourage you to review Important Notices and Getting Started with ISLG located on the members homepage to help orient you with the product. 2012-17: Mesa Power Group LLC (USA) v. Government of Canada PCA Case No. Ad hoc cases under the UNCITRAL Rules: PV Investors v. Spain (registed November 2011); Natland Investment Group NV, Natland Group Limited, G.I.H.G. If you know of documents which are currently missing from our Legal & Regulatory database do let us know. on such terms and by July 2015 twenty separate solar PV claims were lodged against Spain. 2012-14) Expand / Collapse All Applicable IIA. The underlying dispute arose out of the evolution of the legal framework applicable to the 2012-14 13 October 2014 UNCITRAL Arbitration The PV Investors The Claimants v. The Kingdom of Spain The Respondent _____ PRELIMINARY AWARD ON JURISDICTION The PV Investors v. Spain, PCA Case No. The Tribunal only addressed the claimants’ claim that Spain breached the fair and equitable treatment [FET] standard and declined to address the merits of the claimants’ expropriation claim. You can send them directly to us for inclusion in the database, anonymously or otherwise. The first publicly available award in an energy case against Spain was Charanne, lodged in 2012. Spain, was one of the first claims initiated (in early 2013) by aggrieved investors who had invested in the PV solar sector in Spain prior to the global financial recession. Active Lawyers; Law Firms; Active Lawyers The Chart shows a balanced list of partners advising Kingdom of Spain - based on PBV Monitor's analyzed transactions. , Electricity, gas, steam and air conditioning supply, See case mapped in Subject Navigator on Investor-State LawGuide, See discussion and analysis of the case on IAReporter, Decision on Bifurcation (March 2013) (not public, see IAReporter story), Concurring and Dissenting Opinion of Charles N. Brower. 2012-14 . First Line of Reasoning – All State Measures Frustrated Legitimate Expectations. This paper presents the current energy scenario en Spain, and the outlooks for different renewable options, with special focus on photovoltaic (PV) solar energy. In Spain, solar PV costs have dropped far enough below wholesale power market prices to open a range of new routes to market, prompting investors to flock to the region: Spain now makes up 46% of Europe’s subsidy-free solar PV project pipeline. (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), Spain must reduce its energy consumption by 23% and achieve 100% renewable energy in electricity generation by 2030. With the exception of one group of 15 investors, who jointly commenced proceedings against Spain (the PV Investors v Spain), each and every solar investor requested that their claim be heard PCA Case No. [CDATA[// >