• Skip to main content
  • Home
  • Contact
  • About
  • Search
    • Search US
    • Search Global
  • Global Litigation
  • U.S. Litigation

Greentech and Novenergia v. Italy

Filing Date: 2015
Status: Decided
Case Categories:
  • Suits against governments
    • Trade and Investment
      • Rollback of climate-justified measures
Jurisdictions:
  • Stockholm Chamber of Commerce
Principal Laws:
  • Energy Charter Treaty
Summary:

In 2015, two companies based in Denmark and Luxembourg invested in photovoltaic (PV) plants across Italy. The plants benefited from a feed-in tariff scheme, which was originally intended to run for a period of 20 years from each PV plant's connection to the grid. In 2015, a new Decree Law came into force which modified the amount and duration of incentive tariffs. The claimants alleged that this constituted a violation of the fair and equal treatment clause of the Energy Charter Treaty and claimed compensation.

In 2019 the Arbitral Tribunal found that Italy had breached the relevant provisions of the Charter and awarded the companies compensation of USD $13.6 million.

At Issue: Claims arising out of a series of governmental decrees to prematurely cut tariff incentives for photovoltaic plants.
Case Documents:
Filing Date Type File Summary
12/13/2018 Decision Download Final Award

© 2023 · Sabin Center for Climate Change Law · U.S. Litigation Chart made in collaboration with Arnold & Porter Kaye Scholer LLP

The materials on this website are intended to provide a general summary of the law and do not constitute legal advice. You should consult with counsel to determine applicable legal requirements in a specific fact situation.