EU opens probe into Spain payment to Japan's JGC in case over renewable subsidies

FILE PHOTO: The logo of Japanese engineering firm JGC Corporation is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/ File Photo 04 Aug 2026 05:51PM (Updated: 04 Aug 2026 05:58PM) BRUSSELS, Aug 4 : The European Commission said on Tuesday it has opened an in-depth probe into whether an arbitration ordering Spain to pay Japanese firm JGC Holdings a compensation for changes to a renewable power support scheme violated EU state aid rules.In 2021, an arbitration court ordered Spain to pay €23.5 million ($27.04 million) to JGC for losses allegedly suffered as a consequence of the modifications of a 2007 scheme to support investment on renewable power projects.Spain had made a payment under this award to Blasket Renewabl