Investors Still Waging War With Spain Over Retroactive Cuts

By [email protected] Investors fighting Spain over retroactive cuts to feed-in tariffs for renewables projects are braced for more legal wrangling despite an offer to recover some revenue.

It appears likely developers will ignore the regulatory olive branch from lawmakers in Madrid and instead continue pushing for what could be a substantially larger amount of compensation.

Energy transition attorney Piet Holtrop, among the most significant legal figures in the Spanish renewables sector, told GTM that a promise of a 12-year fixed return from the government amounted to “petty money” compared to the amounts investors stood to gain through litigation.

The Spanish

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