in News Departments > Projects & Contracts
print the content item

Ontario-based Northland Power Inc. has entered into agreements for the rights to acquire a 55% equity stake in the 600 MW Gemini offshore wind project. Currently in advanced development, the project is located 85 km off the coast of The Netherlands in the North Sea.

The project team includes Siemens, Netherlands-based developer Typhoon Offshore B.V.; Netherlands-based marine contractor Van Oord Dredging and Marine Contractors B.V.; and HVC N.V., a joint venture of 48 Dutch municipalities and six water regulatory authorities.

The project will be constructed under a two-contract strategy involving Siemens and Van Oord: Siemens was selected as the preferred turbine supplier, and Van Oord will be responsible for supply and installation of the wind turbine foundations and the entire electrical infrastructure. Northland says it intends to take a lead role during the remainder of development as well as construction and operations.

Northland's total net investment will be approximately C$400 million, consisting of mezzanine and equity financing, in addition to credit support in the amount of approximately C$32 million to secure agreements with the Dutch government. The company’s investment is subject to various final approvals

Construction of Gemini is expected to start in late 2014, with commercial operation slated for 2017.



Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Renewable NRG_id1934
Canwea_id1984