Offshore investment is the keeping of money in a jurisdiction other than one's country of residence. Offshore jurisdictions are a commonly accepted means of reducing the taxes levied in most countries to both large and small-scale investors alike. Poorly regulated offshore domiciles have served historically as havens for tax evasion, money laundering, or to conceal or protect illegally acquired money from law enforcement in the investor's country. However, the modern, well-regulated offshore centres allow legitimate investors to take advantage of higher rates of return or lower rates of tax on that return offered by operating via such domiciles. The advantage to offshore investment is that such operations are both legal and less costly than those offered in the investor's country - or "onshore". Locations favored by investors for low rates of tax are known as offshore financial centers or (sometimes) tax havens.
Offshore centers are widely used and are accessible to anyone who can meet the minimum investment amount or pay the obligatory fees required to open such an entity. Investopedia indicates that, "More than half of the world's assets and investments are held in offshore jurisdictions and many well-recognized companies have investment opportunities in offshore locales."
Seenh & Heard. pub insurance claims, offshore floating wind farms and pay talks for aviation workers also make the headlines ... The organisation signed a memorandum of understanding with Hexicon in recent days for the project. The wind farm will need €2 billion investment and be located between 50km and 80km offshore, the newspaper added ... .
... an investment of 1.5 billion euros (1.58 billion U.S ...Miguel Stilwell d'Andrade, executive president of EDP, said that the investment will be made through "renewable projects" until the year 2025 ... Portugal's OceanWinds to invest 1.58 bln USD in offshore wind project.
He set a bold goal of deploying 30 gigawatts (GW) of offshore wind by 2030, enough to power 10 million homes with clean energy, support 77,000 jobs, and spur $12 billion per year in private investment in offshore wind projects ... Supplier contracts to provide materials and services to offshore wind projects more than doubled.
Portuguese utility EDP (ELI.EDP), through the joint venture of its renewables division and French peer Engie SA (EPA.ENGI), intends to invest EUR 1.5 billion (USD 1.58bn) in the development of offshore wind projects by 2025.
LISBON (Reuters) – OceanWinds, a joint venture between Portugal’s main utility EDP with French company Engie, plans to invest 3 billion euros ($3.15 billion) to develop offshore wind projects by 2025, the chief executive of EDP told Reuters on Thursday.
Rising investments, private funding, ...Major discoveries in the offshore region, especially in western offshore Africa, and more investment from companies to increase oil production capacity are projected to increase the growth of the global sand trap for the oil & gas market.
... to cooperate on the implementation of offshore wind projects with a combined potential exceeding 7 GW ... The state government estimates that these offshore wind projects represent a combined investment of BRL100 billion (USD 19.5bn/EUR 18.6bn).
The particular fund will provide mid-sized enterprises with the chance to make equity investments in the new offshore wind project or sign long-term power purchase agreements (PPAs), starting with a tranche corresponding to a capacity of 5 MW.
The three companies will adopt a "one-team" integrated and collaborative approach to fast-tracking the project to first gas and maximising the return on investment, Chariot said ... and schedules, in preparation for Chariot to take a final investment decision (FID) on the project.
The Greek shipowner, known in the country for his participation through GasLog in the project of the offshore LNG regasification terminal off Alexandroupoli, invests decisively in the technology and in the market of capture, ...
The workscope, execution of which would be led from the contractor’s Aberdeen, is expected to get under way this year with the offshore work scope scheduled for 2024, subject to ScottishPower Renewables taking the final investment decision on the offshore wind project.