Latest development Sep 30, 2026
The D.D.C. ordered judgment on the three awards.
The award
- Amount awarded
- About €95M plus interest (OperaFund €29.3M)
- Award holder
- Blasket Renewable Investments, assignee of OperaFund Eco-Invest SICAV and Schwab Holding, Steag GmbH and Renergy Sàrl
- Respondent
- Kingdom of Spain
- Forum
- ICSID ARB/15/36, ARB/15/4 and ARB/14/18 · ECT
Challenges
Annulment proceedings concluded (not individually verified).
Enforcement
United States: on September 30, 2026, the D.D.C. (25-cv-1756) denied dismissal and a stay and ordered judgment. Belgium: Eurocontrol funds owed to Enaire were attached (€482.4M frozen across creditors by January 2026).
Recovered to date
None
Notes
Three awards combined.