Latest development Mar 16, 2022
The ad hoc committee rejected Spain’s annulment application.
The award
- Amount awarded
- €41M plus pre- and post-award interest and arbitration costs
- Award holder
- SolEs Badajoz GmbH
- Respondent
- Kingdom of Spain
- Forum
- ICSID ARB/15/38 · ECT
Challenges
A divided ICSID ad hoc committee rejected Spain’s annulment application on March 16, 2022. The dissenting member found a failure to state reasons in the quantification of damages.
Enforcement
No enforcement action verified.
Recovered to date
None reported. Spanish press reports that Spain has paid only one renewables award (JGC Holdings, 2025).
Notes
Payment status rests on press reports that Spain has paid no renewables award other than JGC. No U.S. enforcement docket found.