Greentech Energy Systems A/S, NovEnergia II Energy & Environment (S.C.A.) SICAR, and NovEnergia II Italian Portfolio S.A. v. Italy, SCC Case No. 095/2015


  • >Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • >Amount claimed: EUR 25.06 million 
  • >Amount awarded: EUR 11.9 million
  • >Valuation method: income-based approach (discounted cash flow)
  • > Interest rate: LIBOR (annual) + 2%
  • >Costs of arbitration: EUR 490,479 + USD 2,325
  • >Award legal costs: Claimants were awarded EUR 1,408,268 (50% of legal costs)
  • >Award costs of arbitration: Costs follow the award

 

ARBITRAL DECISIONS

ANNULMENT PROCEEDINGS 


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