Debt AdvisoryEnergy & RenewablesPUBLISHED
US Courts Issue Three New Awards Against Spain Over Renewables
Value
$800M
Target
Spain
US courts have ordered the enforcement of three new arbitration awards against Spain concerning renewable energy disputes. These add to a total of 12 executed awards, accumulating to over $800 million in claims.
✦ Meridian Analysis
This ongoing legal and financial dispute between Spain and investors in its renewable energy sector continues to generate significant financial liabilities. The cumulative value of these awards is substantial and represents a notable financial risk for the Spanish state.
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