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Walney offshore wind farm is world's biggest (for now)

(PhysOrg.com) -- The Walney wind farm on the Irish Sea--characterized by high tides, waves and windy weather--officially opened this week. The farm is treated in the press as a very big deal as the Walney farm is presently ...

State of Russia's ISS segment sparks safety concerns

A Russian space official on Tuesday raised concerns about the deteriorating state of Russia's segment of the International Space Station due to out-of-date hardware, warning it could lead to "irreparable failures".

CSIRO identifies plants most at risk after Black Summer megafires

Australia's 2019-2020 Black Summer bushfires severely impacted hundreds of plant species. While the prospects of recovery for most appear to be good, some species remain vulnerable, according to research published by Australia's ...

Sri Lanka takes stake in Google balloon Internet venture

Sri Lanka's government announced Monday it would take a 25 percent stake in a joint venture with Google designed to deliver a high-speed Internet service powered by balloons and that tests would begin this month.

Elon Musk's SpaceX drops lawsuit against Air Force

A spacecraft company run by billionaire Elon Musk has dropped a lawsuit alleging the U.S. Air Force improperly awarded a contract to launch military satellites to a joint venture between Boeing and Lockheed Martin.

Sweden joins race for self-driving cars

A hundred self-driving Volvo cars will roll onto public roads in and around the Swedish city of Gothenburg in 2017, the Chinese-owned car maker said Monday.

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Joint venture

A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.

The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.

This text uses material from Wikipedia, licensed under CC BY-SA