EconomyEU probes Spain payment to Japan’s JGC over renewable subsidies
The European Commission said Tuesday it has opened an in-depth investigation into an arbitration ruling involving Spain and Japan’s JGC Holdings. The ruling ordered Spain to compensate the Japanese company after changes to a renewable power support scheme. EU officials will examine whether that payment breaches the bloc’s state aid rules. The probe focuses on the compatibility of the compensation with European Union requirements.
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EU probes Spain payment to Japan’s JGC over renewable subsidies
Economy