Latest development Sep 2025
The D.D.C. entered judgment.
The award
- Amount awarded
- €28.2M plus interest
- Current estimate
- U.S. recognition of about €35M
- Award holder
- Blasket Renewable Investments (assignee of InfraRed Environmental Infrastructure GP and others)
- Respondent
- Kingdom of Spain
- Forum
- ICSID ARB/14/12 · ECT
Challenges
Annulment rejected in June 2022.
Enforcement
United States: the D.D.C. (20-cv-817) enforced the award in August 2025, with judgment in about September 2025.
Recovered to date
None