Commission Investigates Romania Arbitration Award Over Renewable Energy Compensation
The European Commission has launched an in-depth investigation to determine if an arbitration award ordering Romania to pay energy investors complies with EU State aid rules.
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The European Commission has opened an in-depth investigation to assess whether an arbitration award ordering Romania to pay compensation to ten investors is in line with EU State aid rules. According to the European Commission, the compensation relates to changes made to a renewable electricity support measure. The review will examine the compatibility of the award with European single market regulations governing state support for businesses. Further details regarding the timeline and specific legal aspects of the inquiry are expected to be addressed as the investigation proceeds.
Source: European Commission. Read the original report ↗
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This brief is based on reporting by European Commission.supports: European Commission