There is a need for a pan-European investor-state dispute settlement mechanism, to give the solar industry a unified legal body to help it fight retroactive cuts and other policy U-turns across the continent, according to a European trade group.
A 333MW PV plant is apparently set to be constructed by local PV company Andaltia in Lorca, Spain, requiring an investment of €400 million (US$454 million), according to the town's official website and local news outlets.
Spain’s Supreme Court has ruled against appeals claiming that the Popular Party’s cutbacks on the feed-in-tariff (FiTs) for solar in 2013 and 2014 were retroactive.
The Spanish Supreme Court has ruled that solar PV companies and investors should be compensated by the Spanish administration over historic amendments to the feed-in-tariff (FiT) policy for new installations.
UK developer Hive Energy has continued its international push with the announcement of new regional headquarters in Madrid – the company’s fourth overseas office to open since September 2015.
Abengoa, which entered insolvency proceedings last November, has been granted bankruptcy protection under Chapter 15 over the objections of a group of insurance companies who claimed the Spanish renewables company’s talks to restructure billions in debt was unfair to US creditors.
Spanish parties representing a majority in parliament have signed an agreement to remove the controversial Royal Decree against self-consumption of solar energy within 100 days of a government being formed.
Spain’s Court of Arbitration has ruled against two companies who filed a lawsuit against the Kingdom of Spain over reforms to the PV sector made in 2010, according to a statement from the Spanish Ministry of Industry.
