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."
Dutch transmission system operator (TSO) TenneT has secured EUR 250 million (USD 292.6m) in debt from the European Investment Bank (EIB) to build a new transmission corridor enabling the integration of more offshore wind turbine generation.
SSE Renewables, a division of energy company SSE Plc (LON.SSE), today said it is combining the BerwickBank and Marr Bank offshore wind projects in Scotland into one “super” project with a potential capacity of 4.1 GW. The combined offshore wind development, one of the largest in ...
A group of Evergrande’s offshore bondholders has selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, focusing on about $20bn in outstanding dollar bonds in the event of nonpayment, sources said ... Its offshore October 2023 bond fell 10% to 16.125c.
A group of Evergrande's offshore bondholders has selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, focusing on around $20 billion in outstanding dollar bonds in the event of non-payment, sources told Reuters ... Its offshore Oct 2023 bond fell 10% to 16.125 cents.
A group of Evergrande’s offshore bondholders has selected investment bank Moelis & Co and law firm Kirkland & Ellis as advisers on a potential restructuring of a tranche of bonds, focusing on around $20 billion in outstanding dollar bonds in the event of non-payment, sources told Reuters.
(“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.
But Iris Chen, an analyst at Japanese investment bank Nomura, argued in late August that such disposals would “actually hurt” offshore bondholders because “the proceeds will likely be used to repay onshore maturities” such as construction costs and trust loans ... The bank added.
The amount constituted banks’ loan exposure of NT$500 million and NT$1.71 billion in Evergrande shares invested through domestic or offshore funds, the commission said ... Forty-one offshore funds had invested a combined NT$451 million in Evergrande as of July 31, 0.39 percent of their total investment of offshore funds, it said.
The future of the industry’s growth is also expected to be powered by a record year for offshore wind financing, according to the report, after the $8bn investment in the world’s biggest offshore windfarm off the UK’sYorkshire coast. The Dogger Bank offshore windfarm, to be built ...
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.
These included Ruben Vardanyan, a well-known philanthropist who used to run the investment bank Troika Dialog. An independent arm of the bank managed a network of offshore companies that moved billions out of Russia... By then, the investment had been sold, with Vardanyan taking his share of the reported $1bn (£720m) price ... Reuse this content. .