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Image header Agence Europe
Europe Daily Bulletin No. 13791
Contents Publication in full By article 20 / 28
ECONOMY - FINANCE - BUSINESS / State aid

In-depth EU investigation into arbitration award ordering Bulgaria to pay compensation to ACF

On Wednesday 21 January, the European Commission opened an in-depth investigation into an arbitration award ordering Bulgaria to pay ACF Renewable Energy Limited €61.04 million in compensation following changes to a support scheme for renewable energies.

Bulgaria introduced this system in 2011, then modified it in 2013, 2014 and 2015.

In 2012, ACF, a Maltese company, invested in the Bulgarian renewable energy sector by purchasing a solar photovoltaic plant that benefited from the...

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EUROPEAN COUNCIL
EUROPEAN PARLIAMENT PLENARY
SECTORAL POLICIES
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
NEWS BRIEFS