NextEra Energy Global Holdings B.V. v. Kingdom of Spain, No. 23
In NextEra Energy Global Holdings B.V. v. Kingdom of Spain and 9REN Holding S.A.R.L. v. Kingdom of Spain, the court held it had jurisdiction under the Foreign Sovereign Immunities Act (FSIA) arbitration exception and denied Spain''s motion to dismiss.
NextEra v. Spain, Opinion of the United States Court of Appeals
The court presiding over NextEra Energy Global Holdings B.V. v. Kingdom of Spain, 656 F. Supp. 3d 201 (D.D.C. 2023), and 9REN Holding S.A.R.L. v. Kingdom of Spain, No. 19-cv-1871, 2023
NextEra Energy Global Holdings B.V. and NextEra Energy Spain Holdings B
>Subject matter of the dispute: Legal reforms affecting the renewable energy sector >Amount claimed: EUR 521.4 million >Amount awarded: EUR 290.6 million >Valuation method: hybrid (return on the capitalised costs of assets on the basis of weighted average cost of capital + 200bps) >Interest rate: host State''s sovereign bonds (5-year)
NextEra v. Spain | Investment Dispute Settlement Navigator
Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators'' revenues and a reduction
NextEra v. Spain | Investment Dispute Settlement Navigator
Claims arising out of a series of energy reforms undertaken by the Government affecting the renewables sector, including a 7 per cent tax on power generators'' revenues and a reduction in subsidies for renewable energy producers.
Wheel Project
The Project will deploy an offshore 6MW 2-blade downwind turbine installed on a floating platform close to the Canary Islands (Spain). Our contribution: 1. Downwind Turbine Excellence: Within the WHEEL project, 2-B Energy introduces a cutting-edge downwind turbine with a distinctive design featuring only two blades.
NextEra Energy Global Holdings B.V. and NextEra Energy Spain
>Subject matter of the dispute: Legal reforms affecting the renewable energy sector >Amount claimed: EUR 521.4 million >Amount awarded: EUR 290.6 million >Valuation method: hybrid
NextEra v. Spain, Opinion of the United States Court of Appeals
The court presiding over NextEra Energy Global Holdings B.V. v. Kingdom of Spain, 656 F. Supp. 3d 201 (D.D.C. 2023), and 9REN Holding S.A.R.L. v. Kingdom of Spain, No. 19-cv-1871, 2023 WL 2016933 (D.D.C. Feb. 15, 2023), held that it had jurisdiction under the FSIA''s arbitration exception and denied Spain''s motion to dismiss in NextEra.
team
At 2-B Energy, we aim to have the members of our team inspired and integrated in the overall design process. Here thinking out of the box in combination with realistic view and completion are fundamental drivers among the colleagues. Therefore the 2-B team is a unique group where tradition is challenged and realization is a virtue.
NextEra Energy Global Holdings B.V. and NextEra Energy Spain Holdings B
>Subject matter of the dispute: Legal reforms affecting the renewable energy sector >Amount claimed: EUR 521.4 million >Amount awarded: EUR 290.6 million >Valuation method: hybrid
Spain is ordered to pay damages of EUR 290.6 million in NextEra
An ICSID tribunal ordered Spain to pay two Dutch investors EUR 290.6 million in compensation for its breach of the FET standard under ECT Article 10(1), as well as one-third of the investors'' legal costs. Background and claims. The claimants—NextEra Energy Global Holdings B.V and NextEra Energy Spain Holdings B.V (jointly, NextEra)—are