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NextEra Wins Millionaire Renewables Lawsuit Against Spain

Bankinter | The US giant NextEra, the world’s largest electricity company by market capitalization, has been victorious in its long, multi-million dollar arbitration process against Spain regarding subsidies’ cuts which took place years ago. The Ciadi, the World Bank’s arbitration body, has lifted the suspension on the execution of the favourable award NextEra obtained a year ago. The award obliges Spain to pay 290M euros in compensation for the damage caused by the cuts decreed in 2014.