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About Joint Venture


A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.

Now That's What I Call Music turns 40: Forty facts about the compilation giant

Now That's What I Call Music turns 40: Forty facts about the compilation giant
Nov 28,2023 11:21 am

... By contrast, Now was a Joint Venture between two of the UK s biggest record labels, EMI and Virgin, giving compilers immediate access to the day s biggest songs...

Telegraph: Ministers may order probe into newspaper's sale

Telegraph: Ministers may order probe into newspaper's sale
Nov 22,2023 7:40 am

... However, on Monday RedBird IMI investment fund, which is a Joint Venture between US firm RedBird Capital and International Media Investments (IMI) of Abu Dhabi, confirmed it had reached a deal with the Barclays...

Abu Dhabi-backed fund poised to take over Telegraph

Abu Dhabi-backed fund poised to take over Telegraph
Nov 20,2023 3:31 pm

... However, on Monday the investment fund, which is a Joint Venture between US firm RedBird Capital and International Media Investments (IMI) of Abu Dhabi, confirmed it had reached a deal with the Barclays...

James Webb telescope: Baby star launches giant jets and shocks

James Webb telescope: Baby star launches giant jets and shocks
Nov 3,2023 9:41 pm

... JWST is a Joint Venture between the US, European and Canadian space agencies...

Britishvolt aims to supply batteries to Australian military

Britishvolt aims to supply batteries to Australian military
Oct 18,2023 9:11 pm

... However, people close to the matter claimed a wealthy European investor " with strong industrial products and infrastructure ties" has been lined up to fund the land deal, and a new proposed structure would ultimately see Recharge Industries rent the coveted site from a Joint Venture majority-owned by property investors Tritax, which is backed by huge fund management group Abrdn...

Scotland's biggest offshore wind farm at full power

Scotland's biggest offshore wind farm at full power
Oct 16,2023 8:21 pm

... Emissions targetsSeagreen is a Joint Venture between TotalEnergies and SSE Renewables...

Jason Derulo sued for sexual harassment by fellow singer

Jason Derulo sued for sexual harassment by fellow singer
Oct 6,2023 7:21 am

... She lists Derulo, his manager Frank Harris, Atlantic Records, RCA Records and Derulo s Future History imprint - a Joint Venture with RCA - in the case...

Ukraine war: Burger King still open in Russia despite pledge to exit

Ukraine war: Burger King still open in Russia despite pledge to exit
Oct 2,2023 8:51 pm

... RBI, one of the world s largest fast-food restaurant companies, has cited its The deal is a Joint Venture with three other partners for some 800 restaurants...

Scotland's biggest offshore wind farm at full power

Oct 2,2023 6:31 am

By Kevin KeaneBBC Scotland's environment correspondent

Scotland's biggest offshore wind farm has begun operating at full capacity, removing emissions from Power Supply .

Seagreen, off the Angus coast, can generate enough electricity to power Two Thirds of Scotland's households.

The £3bn project, comprising 114 giant turbines, has been More Than a decade in the making.

But operator SSE says the consenting time needs to be halved if there are to be enough turbines to meet the government's Climate Change targets.

The Company says Seagreen will displace More Than two million tonnes of CO2 each year, helping reduce the UK's reliance of fossil fuels for generating electricity.

The array sits about 17 miles from the coast and in 58 metres of water Making It the deepest fixed wind farm in The World .

Those in deeper waters, like the Hywind project off Peterhead, are engineered using floating turbines.

Originally planned with 150 turbines, The Number was reduced because larger generators made it possible to harvest the same amount of electricity with fewer structures.

The Company is now exploring the feasibility of another phase of development by adding a further 36 turbines.

The First power was generated in August 2022 but it has taken Another Year for it to be fully completed.

About 700 long-term jobs will be supported by Seagreen, half of which are based in Scotland.

Around 60 full-time positions in operation and maintenance are to be based at The Service facility in Montrose port.

Emissions targets

Seagreen is a Joint Venture between TotalEnergies and SSE Renewables.

SSE Renewables' director of offshore wind, Paul Cooley, told Bbc Scotland news that decisions taken now will determine whether 2030 targets for cutting Greenhouse Gas emissions will be met by the Scottish and UK governments.

He Said : " I think if we don't speed things up we'll just not hit the targets.

" That's the reality So There 's a real imperative now to move much faster in terms of hurdles like grids, like consents and like pricing in the supply chain. "

The UK's offshore wind capacity is growing rapidly.

Just last week, The First electricity was generated from SSE's 277 turbine Dogger Bank project off the coast of East Yorkshire .

Final construction is also under way on the Neart na Gaoith (NnG) wind farm off Fife which has faced a legal challenge by RSPB Scotland because of concerns over migratory birds.

Claire Mack from the industry body Scottish Renewables said there was a huge pipeline of projects in Scotland thanks to an abundance of wind.

" We've got over 20 offshore wind projects leased within Scotland which is one of the largest commercial leasing sites that we have across The World . "

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Source of news: bbc.com

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