Download Offshore wind farm project Gemini

The Gemini Offshore Wind Farm Project
Equity Investment solution
Challenge
Renewable energy for 1.5 million residents of the Netherlands
14% share of energy from renewable sources by 2020
Solution
Winning combination of technological innovation and tailored financial
solution secures largest order for Siemens Energy Service to date
600 MW Gemini wind power consist of 150 Siemens wind turbines
Benefits for the customer
SFS unit closes on 20% equity investment, with the total shareholders’
investment almost €500 million
The multi-source financing model used in the project can help meet the
increased capital investment required to finance the next stage in the
offshore wind market’s development
Reduction in the emission of CO2 by 1,25 million tons per year.
Gemini Offshore Wind Farm
Largest Dutch offshore windfarm project
The wind power is located in the
North Sea, 85 km above the coast of
Groningen, a location that is not visible from
land, with a strong and constant wind
Matthias Haag,
CEO of Gemini
With project financing and all building and
supply contracts now in place, our focus has
already shifted to the construction phase.
We have assembled a team of experts in
the offshore wind industry, and will be
working closely with Northland Power,
Siemens and Van Oord to make offshore
wind power a vital and significant part of the
Netherlands’ electricity supply.
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