Retroactive Reduction of Support for Renewable Energy and Investment Treaty Protection from the Perspective of Shareholders and Lenders
Article from: OGEL 3 (2015), in Renewable Energy Disputes
In many countries, the generation of power from renewable sources is promoted by special support schemes so as to advance the transition of energy supply from thermal to renewable energy. These support schemes may, however, change to the detriment of the investors: Some countries were faced with a very substantial build-up of renewable power capacities which has resulted in increased power prices for energy consumers at large. This has caused some countries to cut back the support, even on facilities that had already been installed, and there are discussions on such measures in ...