Onshore / Offshore

In the energy sector, Onshore refers to wind turbines or other energy projects installed on land (i.e., activities that take place on land), while Offshore refers to installations placed in the water, often far from the coast (i.e., activities in the sea or ocean). Onshore installations are generally easier to set up and maintain, while Offshore installations often benefit from better wind conditions.

In finance, Onshore refers to financial activities and institutions within a country, which are subject to its laws and regulations. Offshore, on the other hand, describes financial transactions or companies located in other countries, often due to more favorable tax conditions or less stringent regulations.