Latest development Jun 29, 2026
The U.S. Supreme Court denied Spain’s petition in Kingdom of Spain v. Blasket (No. 24-1130).
The award
- Amount awarded
- €91.1M in total across the claimants, plus interest (AES/Blasket share €26.5M)
- Award holder
- A group of solar investors (the PV Investors). AES Solar Energy Coöperatief and Ampere Equity Fund transferred their share (€26.5 million) to Blasket Renewable Investments LLC
- Respondent
- Kingdom of Spain
- Forum
- PCA Case No. 2012-14 · ECT · UNCITRAL · seat Geneva
Challenges
The Swiss Federal Supreme Court dismissed Spain’s set-aside application on February 23, 2021 (4A_187/2020).
Enforcement
The D.D.C. (Judge Leon, No. 21-cv-3249) dismissed Blasket’s petition in March 2023. The D.C. Circuit reversed and remanded on August 16, 2024, and the U.S. Supreme Court denied Spain’s petition on June 29, 2026. italaw also lists a Colombian enforcement judgment (August 30, 2022), orders of Brazil’s Superior Court of Justice (2023), and Amsterdam District Court rulings (2023 to 2025).
Recovered to date
None reported.
Notes
Status of the remanded D.D.C. case and of the other claimants’ shares not verified.