Content Join OGEMID
 
  • Linkedin
  • Twitter
  • Rss

Transnational Dispute Management

Skip navigation

Transnational Dispute Management

The network for international arbitration, mediation and ADR, international investment law and Transnational Dispute Management

Join OGEMID

Transnational Dispute Management

The network for international arbitration, mediation and ADR, international investment law and Transnational Dispute Management

  • Sign in
  • Subscribe
  • Home
  • Sign in
  • About About
    1. Home
    2. About
    3. About TDM
    4. About TDM
    5. Founding Editor T.W. Wälde
    6. T.W. Wälde
    7. Editorial team
    8. Editorial team
    9. Contributing Authors
    10. Contributing Authors
    11. Subscriptions
    12. Subscriptions
  • Journal Journal
    1. Home
    2. Journal
    3. Browse Issues
    4. Browse
    5. Articles by Category
    6. By Category
    7. Articles by Author
    8. By Author
    9. Advance publication
    10. Advance publication
    11. Specials
    12. Specials
    13. Search
    14. Search
    15. Book reviews
    16. Reviews
  • Legal & Regulatory docs. L & r docs
    1. Home
    2. Legal & Regulatory docs.
    3. L&R by Country
    4. L&R by Country
    5. L&R by Category
    6. L&R by Category
    7. L&R recent additions
    8. L&R recent additions
    9. Search
    10. Search
  • Audiovisual library AV library
    1. Home
    2. Audiovisual library
    3. Audiovisual Library
    4. Audiovisual Library
    5. TDM/OGEMID Interviews
    6. TDM/OGEMID Interviews
    7. Conference presentations
    8. Conference presentations
  • OGEMID OGEMID
    1. Home
    2. OGEMID
    3. About OGEMID
    4. About OGEMID
    5. Suggest a topic
    6. Suggest a topic
    7. Guest programme
    8. Guest programme
    9. Seminar programme
    10. Seminar programme
    11. Browse archive
    12. Browse archive
    13. Search
    14. Search
    15. Join
    16. Join
  • News & Events Events
    1. Home
    2. News & Events
    3. News
    4. News
    5. Events
    6. Events
  • Subscribe
Home > Journal > Advance publication

Damages Assessment in the Spanish Renewable Energy Arbitrations: First Awards and Alternative Compensation Approach Proposal

  • Sign in
  • Suggested citation
S. Ripinsky
S. Ripinsky

Published 29 November 2018

Introduction

Six awards have now been handed down out of almost 40 investment treaty arbitrations arising from Spain's reforms in the renewable energy ("RE") sector. In four out of the six awards, tribunals held Spain liable and awarded damages to the claimants. Having critically assessed these decisions, in this paper I propose a modified conceptual approach to damages assessment, with the aim of achieving a more accurate estimate of loss and a more balanced award, in accordance with the applicable legal standard.

The arbitral decisions reviewed in this article are:

  1. Eiser Infrastructure Limited and Energía Solar Luxembourg S.à r.l. v. Kingdom of Spain, ICSID Case No. ARB/13/36, Final Award of 4 May 2017 ("Eiser");
  2. Novenergia II - Energy & Environment (SCA) (Grand Duchy of Luxembourg), SICAR v. The Kingdom of Spain, SCC Arbitration 2015/063, Final Arbitral Award of 15 February 2018 ("Novenergia");
  3. Masdar Solar & Wind Cooperatief U.A. v. Spain, ICSID Case No. ARB/14/1, Award of 18 May 2018 ("Masdar"); and
  4. Antin Infrastructure Services Luxembourg S.à.r.l. and Antin Energia Termosolar B.V. v. Kingdom of Spain, ICSID Case No. ARB/13/31, Award of 15 June 2018 ("Antin").

(Two other arbitral cases against Spain - Charanne and Isolux - ended with the tribunals refusing to hold Spain liable for investment treaty violations. However, both these cases have certain features that distinguish them from the arbitrations that Spain has lost.)

Footnotes omitted from this introduction.

To read this article you need to be a subscriber

Sign in

Forgot password?

Sign in

Subscribe

Fill in the registration form and answer a few simple questions to receive a quote.

Subscribe now

Suggested Citation

S. Ripinsky (2018, forthcoming) "Damages Assessment in the Spanish Renewable Energy Arbitrations: First Awards and Alternative Compensation Approach Proposal"
(TDM, ISSN 1875-4120) November 2018, www.transnational-dispute-management.com

"Advance publication" is the name given to material that is published ahead of its appearance in a regular structured issue of our Journal. It is also possible to monitor this via RSS. Subscribers will receive update alerts via e-mail of the published articles as soon as they have been added to the website.

Other recently published material:

Is the Energy Charter Treaty Ready to Embrace Energy Transition?

25 January 2019

OGEMID Seminar on "Artificial Intelligence in International Arbitration" (September 2018)

23 January 2019

Enforcing Awards Set Aside at the Seat: the United States Perspective

10 January 2019

The CPTPP and Digital Trade: Embracing E-Commerce Opportunities for SMEs in Canada and Japan

20 December 2018

Introduction to the (forthcoming) TDM Publication on the "Modernisation of the Energy Charter Treaty (ECT)"

14 December 2018

Complete listing of Advance publication.

Call for contributions

TDM Call for Papers: The Changing Paradigm of Dispute Resolution and Investment Protection in Post-soviet and Greater Eurasian Space

Anna Aseeva, Jędrzej Górski, Daria Kotova, Anton Tugushev, and Ka Lok YIP

  • Anna Aseeva
  • Jędrzej Górski
  • Daria Kotova
  • Anton Tugushev
  • Ka Lok YIP

TDM Call for Papers: The United States-Mexico-Canada Agreement (USMCA)

C. Carmody, K. Claussen, D. Collins, and T. Weiler

  • Chi Carmody
  • Kathleen Claussen
  • David Collins
  • Todd Weiler

TDM Call for Papers: International Investment and Competition Law in AND with the Global South

Prof. Leila Choukroune and Anu Monga

  • Prof. Leila Choukroune
  • Anu Monga

TDM Call for Papers: Maritime Law Arbitration: Procedural and Substantive Issues

Dr. Mohsen Mohebi and Dr. Mojtaba Asgharian

  • Dr. Mohsen Mohebi
  • Dr. Mojtaba Asgharian

TDM Call for Papers: The Changing Paradigm of State-controlled Entities Regulation: Laws, Contracts and Disputes

Christophe Bondy, Prof. Julien Chaisse, Dr. Helena Chen, Dr. Jędrzej Górski, Dini Sejko, and Romesh Weeramantry

  • Christophe Bondy
  • Julien Chaisse
  • Dr. Helena Chen
  • Dr. Jedrzej Gorski
  • Dini Sejko
  • Romesh Weeramantry

TDM Call for Papers: Modernisation of the Energy Charter Treaty (ECT)

Freya Baetens, Ilija Mitrev Penusliski, Martins Paparinskis, John Gaffney

  • Freya Baetens
  • Ilija Mitrev Penusliski
  • Martins Paparinskis
  • John Gaffney

TDM Call for Papers: Cybersecurity in International Arbitration

Stephanie Cohen and Mark C. Morril

  • Stephanie Cohen
  • Mark C. Morril

TDM Call for papers: Judicial Measures and Investment Treaty Law

Rajat Rana and Nicole Silver

  • Rajat Rana
  • Nicole Silver

TDM Call for Papers: Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

Elizabeth Whitsitt, Devin Bray, Julien Chaisse, Tomoko Ishikawa, Joongi Kim, Stephanie Forrest, Donald Robertson and Frédéric Sourgens

  • Elizabeth Whitsitt
  • Devin Bray
  • Professor Julien Chaisse
  • Tomoko Ishikawa
  • Professor Joongi Kim
  • Stephanie Forrest
  • Donald Robertson
  • Professor Frédéric Sourgens
  • More
  • Contribute

Stay connected

Sign up for our email alerts.

  • Issues
  • Advance publication
  • News
  • Linkedin
  • Twitter
  • RSS

Join the debate

Want to join OGEMID, the leading on-line discussion platform for international dispute resolution?

Simply fill in the registration form to start your trial membership.

Download the app

  1. App store
  2. Google play

The Transnational Dispute Management Journal (TDM, ISSN 1875-4120) and OGEMID listserv focus on recent developments in the area of (investment) arbitration and dispute management, regulation, treaties, judicial and arbitral cases, voluntary guidelines, tax and contracting. Read our Terms & Conditions here, and our Privacy Policy here.

About TDM

  • Terms & Conditions
  • Contribute
  • Subscriptions
  • Contact
  • Help

Other publications

  • Oil, Gas & Energy Law Intelligence (OGEL)

© 2004 - 2019. Published by MARIS.

  • Home
  • Contribute
  • Subscriptions
  • Contact
  • Help