OA – SPANISH SOLAR CASES

. Spanish Solar 1 & 2 Ltd v. Kingdom of Spain

. The Spanish Solar Cases (The “Small Investor” Crisis)

  • The Problem: Spain owes billions to hedge funds but refuses to pay. Meanwhile, 60,000 Spanish families were ruined by the same policy changes but get nothing.

  • 1. Commitment (Defendant/Spain):

    • “The Reinvestment Option”: Spain offers to pay the awards in tax credits rather than cash, provided the investors reinvest in new Spanish infrastructure.

  • 2. Deterrence/Settlement Amount:

    • Outstanding Awards: €1.5 Billion+

    • The “Deal” Amount: 80 cents on the Euro.

  • 3. The “Spillover” Project (Your Charity’s Proposal):

    • Project Name: “The Solar Victims’ Debt Jubilee”

    • Concept: A debt-forgiveness vehicle for the small Spanish families.

    • Mechanism: The Hedge Funds (Claimants) agree to contribute 2% of their settlement into this Fund. The Fund buys the bad debts of the small families from Spanish banks at a discount and forgives them.

    • Why it works: The Hedge Funds get a “ESG/Social Responsibility” gold star (very valuable for them). Spain gets to say “We fixed the problem for our citizens,” making the payout politically survivable.

2. Spanish Solar Cases (The “Renewables” Class)

The Dispute: Spain lured investors with subsidies, then cut them.

The “Shadow Class” (Tort Victims):

  • Class A: The “Small Solar” Families: 60,000 Spanish families took loans to build solar panels and were bankrupted when Spain cut the rates. They cannot afford arbitration (only big funds can).

  • Class B: The “Tariff Deficit” Consumers: Spanish electricity rate-payers who are overcharged to pay for the legal mess.

Your Targets & Contact Data:

Group Name Role / Interest Contact / Email Social Intelligence
ANPIER The Small Investor Union. Represents the 60,000 families. info@anpier.org

X: @ANPIER_Asoc

 

Web: anpier.org
UNEF (Unión Española Fotovoltaica) The Industry Lobby. Represents the solar companies generally. info@unef.es

X: @UNEF

 

LinkedIn: UNEF Solar
Plataforma Nuevo Modelo Energético The Activists. Campaign for energy democratization. contacto@nuevomodeloenergetico.org FB: Nuevo Modelo Energético

Expert Opinion: ANPIER is your critical ally. They have the “moral high ground” (ruined families) that the Hedge Funds (Claimants) lack.

Leave a Reply