Novenergia II - Energy & Environment (SCA) (Grand Duchy of Luxembourg), SICAR v. Spain, SCC Case No. 2015/063


  • >Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • >Amount claimed: EUR 61.3 million
  • >Amount awarded: EUR 53.3 million
  • >Valuation method: income-based approach (discounted cash flow)
  • >Interest rate: host State's sovereign bonds (10-year)
  • >Costs of arbitration: EUR 562,920.96 + SEK 6,867
  • >Award legal costs: Claimant was awarded EUR 2.6 million (including full costs of arbitration)
  • >Award costs of arbitration: Costs follow the award



ARBITRAL DECISION

15 February 2018 

Final Award

 

RECTIFICATION PROCEEDINGS

9 April 2018                                      

Procedureal Order No. 17

ANNULMENT PROCEEDINGS

ENFORCEMENT PROCEEDINGS (United States)


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