Northland Power Inc. (NPI), the Canadian producer of sustainable energy, announced that together with Siemens Project Ventures GmbH (Siemens), HVC N.V., Typhoon Offshore B.V. and Van Oord Dredging and Marine Contractors B.V., it will be developing, constructing and operating the Gemini offshore wind farm.
The share distribution is as follows: NPI 55%, Siemens 20%, Van Oord 10%, HVC N.V. 10% en Typhoon Offshore B.V. 5%. The total equity capital contributed by the parties amounts close to EUR 500 million. The further required capital will be financed by banks. As majority shareholder NPI is taking a leading role during the phases of further development, construction and operations.
The Gemini wind farm will be built 60 kilometres from the coast of Dutch Schiermonnikoog island, an area with excellent wind conditions.
The construction of the Gemini wind park will start early 2015. Construction will take place in the period 2015