Brussels investigates the legality of Spain's payment of €23.5 million to Japan's JGC over a renewable energy award
La Comisión Europea estudia si la compensación al inversor extracomunitario puede constituir una ayuda de Estado contraria a la norma
The European Commission has opened a new investigation into awards for the cut in renewable energy premiums. On this occasion, the EU executive has announced that it has opened an in-depth investigation to assess whether the compensation of €23.5 million (around €32 million including interest) paid by Spain to Japanese company JGC Corporation, as ordered by an award from the International Centre for Settlement of Investment Disputes (Ciadi), the World Bank's arbitration court, may constitute state aid that is incompatible with European regulations.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
