Brussels prohibits Spain from paying €101 million awarded by arbitration court to fund harmed by cut in renewable energy compensation
The European Commission has just made a key decision in the battle between renewable funds and the Spanish government, in which around €1.7 billion are at stake. The European executive has concluded that an arbitration award requiring Spain to compensate Antin Infrastructure Services with €101 million for the modification of a support scheme for renewable electricity constitutes illegal state aid. This decision means that Spain will not be able to…