Masdar Solar & Wind Cooperatief U.A. v. Spain, ICSID Case No. ARB/14/1

>Claimant : Masdar Solar & Wind Cooperatief U.A.
>Nationality : Netherlands
>Respondent : Spain
>Procedural rules applied : ICSID
>Chair : John Beechey
>Arbitrator appointed by Claimant : Gary Born
>Arbitrator appointed by Respondent : Brigitte Stern
>Invoked instruments : ECT
>Articles mentioned : Article 36 (7)
, Article 21 (7)
, Article 10 (1)
, Article 1 (2)
, Article 1 (3)
, Article 1 (6)
, Article 1 (10)
, Article 13
, Article 16
, Article 17
, Article 25
, Article 26
>Case status : Award rendered but investors renounced their right to collect damages
>Year of the award or agreement : 2018
>Follow-on proceedings : ICSID annulment proceeding discontinued
>Year of registration : 2014

>Subject matter of the dispute: Legal reforms affecting the renewable energy sector
>Amount claimed: EUR 260 million
>Amount awarded: EUR 64.5 million
>Valuation method: income-based approach (discounted cash flow)
>Interest rate: host State's sovereign bonds (3-year for pre-award; 10-year for post-award)
>Costs of arbitration: USD 1,151,994.59
>Award legal costs: Each party bears its legal and other expenses
>Award costs of arbitration: Parties share costs equally