Spanish order compensating JGC for changes to renewables aid draws EU probe
( August 4, 2026, 09:45 GMT | Official Statement) -- MLex Summary: An arbitration award — ordering Spain to compensate Japan’s JGC Holdings for changes to a program supporting renewable electricity production — has drawn an in-depth EU investigation. The probe stems from a 2007 program cleared by EU state aid regulators, which the Japanese engineering company benefited from. After Spain amended the terms of the program, a national arbitral tribunal ordered it to compensate JGC €23.5 million, plus interest and costs. The European Commission said its preliminary view was that the award constituted illegal state aid.Statement follows....
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