Arbitral Digest

Matter

BayWa r.e. Renewable Energy GmbH and BayWa r.e. Asset Holding GmbH v. Kingdom of Spain (ICSID Case No. ARB/15/16)

ICSID investment arbitration concerning Spanish renewable-energy subsidies and an award requiring Spain to pay compensation and interest.

  • Investor-state arbitration
  • Energy arbitration
Case no.
ARB/15/16
Industry type
Electricity, gas, steam and air conditioning supply

Procedural record

  1. 25 January 2021Arbitration

    25 January 2021Arbitration

    Award dated 25 January 2021

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal ordered the Kingdom of Spain to pay the Claimants EUR 22.006 million in compensation, with interest at the six-month EURIBOR rate compounded semi-annually from 13 July 2013 until payment. Each party bears its own legal representation costs, and the ICSID costs are to be shared equally.

    Participants

    BayWa r.e. Renewable Energy GmbH
    BayWa r.e. Asset Holding GmbH
    Kingdom of Spain
    International Centre for Settlement of Investment Disputes
    Arbitrator
    James Crawford
    Arbitrator
    Horacio A. Grigera Naon
    Arbitrator
    Loretta Malintoppi
    Tribunal secretary
    Francisco Grob
    Other
    Witness
    Andreas Helber
    Witness
    Matthias Taft
    Witness
    Errol Schulz
    Witness
    Jose Alberto Cena Lazaro
    Witness
    Juan Ramon Ayuso Ortiz
    Witness
    Daniel Lacalle

Matter record

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BayWa r.e. Renewable Energy GmbH and BayWa r.e. Asset Holding GmbH v. Kingdom of Spain (ICSID Case No. ARB/15/16) · Matter