Spain Makes First Payment in Lengthy Fight Over Renewable Energy
The Spanish government made its first payment as a result of an arbitration decision in 2021 around the country's move to change investor incentives tied to renewable energy projects, following a number of lengthy legal battles between Spain and various creditors.
An entity called Blasket Renewable Investments, which petitioned a claim against the country in the US, notified a US federal court on Wednesday that Spain had 'fully satisfied' a final judgment ordering the payment, court documents show, without specifying how much was paid.
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