Latest development Aug 20, 2024
The award holder told the D.D.C. that the D.C. Circuit’s August 2024 jurisdiction ruling supports confirmation.
The award
- Amount awarded
- €30.9M plus interest at one-year EURIBOR plus 1%, compounded annually from June 1, 2013
- Award holder
- Blasket Renewable Investments LLC (current D.D.C. petitioner). Original claimants: Hydro Energy 1 S.à r.l. and Hydroxana Sweden AB
- Respondent
- Kingdom of Spain
- Forum
- ICSID ARB/15/42 · ECT
Challenges
The ICSID ad hoc committee rejected Spain’s annulment application in its entirety on March 20, 2023 and awarded the claimants £627,637 in legal fees.
Enforcement
D.D.C. No. 21-cv-2463 (Judge Leon), filed September 20, 2021, now captioned Blasket Renewable Investments v. Spain. No judgment appears on the docket as of October 2026.
Recovered to date
None reported.