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Spain Makes First Payment in Lengthy Fight Over Renewable Energy
Spain Makes First Payment in Lengthy Fight Over Renewable Energy

Bloomberg

time04-06-2025

  • Business
  • Bloomberg

Spain Makes First Payment in Lengthy Fight Over Renewable Energy

The Spanish government made its first payment as a result of an arbitration decision in 2021 around the country's move to change investor incentives tied to renewable energy projects, following a number of lengthy legal battles between Spain and various creditors. An entity called Blasket Renewable Investments, which petitioned a claim against the country in the US, notified a US federal court on Wednesday that Spain had 'fully satisfied' a final judgment ordering the payment, court documents show, without specifying how much was paid.

Chile Finance Chief Wants to Unlock Billions in New Investments
Chile Finance Chief Wants to Unlock Billions in New Investments

Bloomberg

time23-05-2025

  • Business
  • Bloomberg

Chile Finance Chief Wants to Unlock Billions in New Investments

Chile's government is readying legislation to unlock billions of dollars of investments by speeding up the approval process, following years of complaints over excessive red tape, Finance Minister Mario Marcel said. The government will introduce a bill overhauling environmental impact assessments to accelerate the evaluation of decarbonization projects worth more than US$7.5 billion, Marcel told investors at the annual Chile Day event in New York on Friday. The administration will also expedite more than 100 other investment proposals.

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