Summary

The European Union, as organisation as well as a number of EU Member States, have adopted certain policies to promote generation of electricity from renewable energy sources, by enacting regulations that provide incentives and benefits for such producers and projects. The regulation of renewable energy projects aims to guarantee level of return and profitability, which is predictable over a longer time span and independent of market volatility. Due to budget concerns, some states reduced the subsidies allocated to renewable energy projects which has produced a number of investment treaty ...