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EU investigates payment of 23.5 million from Spain to JGC for renewables

·1 min read·2 outlets

The short version

The European Commission opened an investigation into the payment of 23.5 million euros that Spain made to the Japanese company JGC Corporation. The money corresponds to awards for cuts to renewable energy premiums in 2013.

The European Commission announced a thorough investigation into the payment of 23.5 million euros that Spain paid to the Japanese company JGC Corporation.3 The payment includes 23.5 million euros in compensation plus interest, which adds up to about 32 million euros in total.3 The investigation assesses whether the payment complies with EU rules on state aid and cuts to renewable energy premiums in 2013.3

The Joint Research Centre (JRC) of the European Commission published a report stating that 53% of Spanish territory shows signs of desertification.2 Spain is the European country with the highest proportion of land affected by desertification, above Cyprus (45%) and Greece (36%).2 The President of the European Commission, Ursula von der Leyen, sent a letter to the President of the Spanish Government, Pedro Sánchez, on the migration crisis in Ceuta.1

Von der Leyen said the EU must 'do more' at its external borders and called for 'rigorous surveillance' and 'physical barriers when necessary'.1

“We will not accept immigration as pressure”
Ursula von der Leyen, presidenta de la Comisión Europea1

Why it matters

  • Awards are arbitration decisions that oblige a State to compensate companies for regulatory changes that affect their investments.3

  • The Joint Research Centre (JRC) is the internal scientific service of the European Commission that prepares technical reports for Community policies.2

This account was written from the 3 reports listed below, filed by 2 independent outlets, and checked against them line by line. It is not a copy of any one of them. Spotted an error? Tell us.

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