Hydro Energy 1 S.à.r.l. and Hydroxana Sweden AB v. Spain, ICSID Case No. ARB/15/42

  • >Claimant : Hydro Energy 1 S.à.r.l., Hydroxana Sweden AB
  • >Nationality : Luxembourg, Sweden
  • >Respondent : Spain
  • >Procedural rules applied : ICSID
  • >Chair : Lawrence Collins
  • >Arbitrator appointed by Claimant : Peter Rees
  • >Arbitrator appointed by Respondent : Rolf Knieper
  • >Invoked instruments : ECT
  • >Articles mentioned : Article 36 (7)
  • , Article 26 (1)
  • , Article 26 (2)
  • , Article 26 (3)
  • , Article 26 (4)
  • , Article 26 (6)
  • , Article 21 (7)
  • , Article 21 (5)
  • , Article 21 (3)
  • , Article 16 (2)
  • , Article 13 (1)
  • , Article 10 (7)
  • , Article 10 (3)
  • , Article 10 (2)
  • , Article 10 (1)
  • , Article 1 (2)
  • , Article 1 (3)
  • , Article 1 (6)
  • , Article 1
  • , Article 2
  • , Article 10
  • , Article 13
  • , Article 16
  • , Article 21
  • , Article 25
  • , Article 26
  • >Breaches alleged :  
  • >Case status : Award rendered
  • >Year of the award or agreement : 2020
  • >Follow-on proceedings : Pending ICSID annulment proceedings
  • >Year of registration : 2015

  • >Subject matter of the dispute: Legal reforms affecting the renewable energy sector
  • >Amount claimed: EUR 132.1 million
  • >Amount awarded: EUR 30,875,000
  • >Costs of arbitration: USD 893,685.74
  • >Valuation method: income-based approach (discounted cash flow)
  • >Interest rate: EURIBOR (12-month) + 1% 
  • >Award legal costs: Each party bears its own legal costs  
  • >Award costs of arbitration: Parties share costs equally

 

ARBITRAL DECISIONS


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