- Arbitration is the dispute resolution mechanism of choice for issues distinctive to renewable energy projects.
- We can expect to see greater numbers of these disputes in Europe, Africa and Latin America.
Renewable energy is not new. It has been around since waterwheels in 2000 BC, windmills in the 16th century and solar systems as early as the 19th century.
Technological advancements and innovation have contributed to the sophistication and commercialisation of the renewable energy industry, with many countries now having solar, wind and hydropower capabilities.
Global demand for, and investment in, the renewable energy sector is accelerating at an unprecedented rate, and investment in renewable energy projects continues to grow. From 2010 to 2019, investment exceeded $2.6tn. Of energy spending in 2021, renewable projects attracted the most at $366bn.
There has been increasing pressure from the public for states, corporates and financial institutions to embrace renewable energy. This is due to significant factors such as climate change and
