joint venture
Joint Venture: A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, often used in large-scale energy projects.
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The HyNet carbon capture cluster in North Wales and North West England will create 800 new skilled jobs, bringing the total direct employment supported by the project to 2,800.
JERA and bp have completed the formation of JERA Nex bp, a 50:50 global offshore wind joint venture, consolidating a 13 GW portfolio of operational and development assets.
The Municipal Corporation of Delhi (MCD) plans to install 10-15 MW of rooftop solar capacity across 989 municipal buildings to reduce electricity costs.
Nanofilm Technologies International will fully acquire Temasek's 35% stake in their hydrogen energy joint venture, Sydrogen Pte. Ltd., for $15 million.
AFC Energy and Industrial Chemicals Limited (ICL) have formed a joint venture to commercialize advanced ammonia-to-hydrogen cracking technology for industrial use.
A newly formed joint venture has acquired a significant 74% interest in a 1,392-megawatt portfolio of ten operational wind power facilities.