Petitioners NextEra Energy Global Holdings B.V. and NextEra Energy Spain Holdings B.V. (NextEra) seek to enforce a € 290 million arbitral award issued by the International Centre for Settlement of Investment Disputes (ICSID) against Respondent, the Kingdom of Spain. Spain moves to dismiss or stay the proceedings until the ICSID Tribunal decides on its petition to annul. (ECF No. 15.) This court agrees with other courts in this district that "it is wiser to. . . stay these proceedings pending the opinion of the ICSID regarding Spain's petition to annul." See Masdar Solar & Wind Cooperatief U.A. v. Kingdom of Spain, 397 F. Supp. 3d 34, 36 (D.D.C. 2019).
For the reasons stated below, the court finds that a temporary stay is warranted, and will therefore GRANT Spain's motion to stay and deny, without prejudice, Spain's motion to dismiss.