Broken promises: legal recourse for retroactive FIT cuts
Generous feed-in tariffs, a short-lived boom and retroactive cuts – the early stages of large-scale solar deployment in Europe followed a regrettable pattern. Project developers have increasingly turned to the legal system for restitution, and many have been successful, writes Daniel R. Meagher, a partner in Winston & Strawn’s international arbitration practice.
The Italian government passed the so-called Spalma Incentivi in 2014, along with associated changes to the Conto Energia regime. The amendments affected the feed-in tariffs for some PV projects that had already been connected to the national grid.
Image: Camera dei deputati Italia
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