As revealed by Recharge, Vestas has filed an international arbitration claim against Genneia at the Paris-based International Chamber of Commerce's International Court of Arbitration, claiming a breach of contract by the developer.
The Danish wind turbine group potentially faces a significant currency-exchange loss if it is paid in pesos rather than US dollars, as it claims was agreed.
Vestas alleges that Genneia, formerly known as Emgasud, owes it $32m – of which Genneia recognises only $19.8m
