As an investor in Torresol Energy, Masdar is partial owner of the 19.9MW Gemasolar Concentrated Solar Power (CSP) project, which was commissioned in 2011 near Seville.
Masdar, the renewables company owned by the government of Abu Dhabi, has taken legal action against Spain regarding Madrid’s still-pending retroactive changes to its Concentrated Solar Power (CSP) support schemes.
As an investor in Torresol Energy, Masdar is partial owner of the 19.9MW Gemasolar Concentrated Solar Power (CSP) project, which was commissioned in 2011 near Seville.
Masdar on 11 February filed a complaint with the Washington DC-based International Centre for Settlement of Investment Disputes, which is a member of the World Bank Group.
Masdar’s filing represents the fourth against Spain by foreign investors regarding changes to the country’s support schemes.
Several investment funds are known to be seeking compensation from Madrid at the Paris-based International Court of Arbitration, and German utilities RWE and Stadtwerke München are also understood to be mulling.
http://www.helioscsp.com/noticia.php?id_not=2331
Masdar on 11 February filed a complaint with the Washington DC-based International Centre for Settlement of Investment Disputes, which is a member of the World Bank Group.
Masdar’s filing represents the fourth against Spain by foreign investors regarding changes to the country’s support schemes.
Several investment funds are known to be seeking compensation from Madrid at the Paris-based International Court of Arbitration, and German utilities RWE and Stadtwerke München are also understood to be mulling.
http://www.helioscsp.com/noticia.php?id_not=2331
Concentrated Solar Power, Concentrating Solar Power, CSP, Concentrated Solar Thermal Power, solar power, solar energy, Spain, Sener, Torresol Energy,