The award in Charanne and Construction Investments v. Spain is the first decision in a growing cluster of investment arbitrations relating to the enactment of legislative measures reducing or withdrawing economic support mechanisms previously introduced in support of renewable sources of energy....

Blusun S.A. and others v. Italy is one of the latest arbitral awards in a torrent of disputes concerning the modification of incentives in the renewable energy market. The tribunal ruled in favour of Italy, reaffirming the power of host States to change regulations to adapt to new needs and...

The last decade witnessed the emergence of an international market for renewable energy. Foreign investment is particularly important in this field. Governments around the world have implemented economic support mechanisms to encourage private investment, leading a substantial number of...