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."
(“SantanderBank” or “Santander”) today announced that its Corporate & Investment Banking division (“Santander CIB”) has acted as financial advisor, joint lead arranger, administrative agent and green loan coordinator for the financing of Vineyard Wind 1, the first large-scale offshore wind farm in the United States.
UK shipyard Harland & Wolff has signed a memorandum of understanding (MoU) with Spanish state-owned shipbuilder Navantia and wind tower maker Windar Renovables to cooperate on offshore wind projects, it was announced today ... Navantia and Windar have partnered since 2015, working together on seven offshore wind projects.
Summary ... She helped RWERenewables develop into one of the world's largest renewable power companies and the second largest offshore wind player globally ... The British and Indian national oversaw major investments in recent months, including in U.S. and British offshore wind projects ... Our Standards. The Thomson ReutersTrust Principles ... ....
and global energy, capturing wind energy from offshore is now increasingly competitive, sustainable and clean. Europe already has 3,250 offshore wind turbines with more planned or under construction ... Twenty billion dollars were invested in offshore wind globally in 2020 alone, with a projection of $56 billion in 2021.
... of offshore wind energy by 2035, the goal of the wind port is to capture a large portion of the more than $150 billion of capital investment that will be required by 2035, and the more than 83,000 jobs projected to be created as the offshore wind industry develops along the U.S.
Macquarie’s Green Investment Group (GIG) has acquired Fuinneamh Sceirde Teoranta (FST), the developer of the Sceirde Rocks offshore wind farm, in Galway, Ireland... GIG is currently developing 14 GW of offshore wind projects and Sceirde Rocks will be its first investment in Ireland.
The Macquarie-owned Green Investment Group (GIG) has acquired Ireland-based company Fuinneamh Sceirde Teoranta (FST), developer of the proposed Sceirde Rocks offshore wind farm in Galway, Ireland... The project will be part ... It is GIG’s first offshore wind investment in the country.
Industry sources say the project is likely to involve at least €1bn of investment ... Macquarie has been active here as a investor for close to two decades but the project is its first investment in Irish off-shire renewables ... This ‘Relevant Status’ designation puts projects at the front of the queue for development by 2030.
He notes finally that Ghana represents one of Africa’s most successful new markets with world-class projects establishing the country as a regional oil, gas, and power hub ... The company aims to become the offshore oil and gas operator of choice in Ghana ... Long cycle, capital intensive projects offshore are the least popular for the moment.
These projects involve ExxonMobil’s $5.5 billion investment in the offshore Payara oil field and the $1.8 billion Pacora oil fields in Guyana, a $4 billion investment in the Itapu oil field of Petrobras in Brazil, Woodside’s $3.9 billion Sangomar oil field in Senegal, and Petrobras, Shell and Total’s $2.7 billion Mero 3 oil field in Brazil.
It looks as if the global energy industry is now well and truly invested in green energy ...To do this, the organisation is investing £7.5bn over the five years to 2025 in substantial projects including the Seagreen and Dogger Bank offshore wind farms. Income investment ... Still, this is a risky investment.