Skip to content

Investment treaty awardUnpaid

BayWa r.e. v. Spain

Cuts to renewable energy incentives

Headline amount
€22M≈$24.6M · Principal
Respondent
SpainState
Awarded
Jan 25, 2021
Status
UnpaidNothing collected

Latest development Jun 29, 2026

The D.D.C. entered final judgment for $28.2M.

The award

Amount awarded
€22.0M plus interest
Current estimate
$28.2M D.D.C. judgment (about €24.7M) plus post-judgment interest
Award holder
Blasket Renewable Investments LLC (judgment creditor). Original claimants: BayWa r.e. Renewable Energy GmbH and BayWa r.e. Asset Holding GmbH
Respondent
Kingdom of Spain
Forum
ICSID ARB/15/16 · ECT

Challenges

Annulment status not verified. The U.S. Supreme Court denied Spain’s petition on jurisdiction in the lead NextEra and Blasket cases on June 29, 2026.

Enforcement

The D.D.C. (Judge Mehta) entered final judgment for Blasket for $28,185,672.48 on June 29, 2026.

Recovered to date

None reported.