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.



IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.

WomenofWind_id
JLG_id1900
Acciona_id1907
UEA_id1896
bonfiglioli_id1913
AWEA_id1886