But the Dutch project is more than just a big equipment order for Siemens, according to Wolfgang Bischoff, head of energy investments in the EMEA region for Siemens Financial Services (SFS). The way it is financed could have implications for the future of offshore projects across Europe, he says.

SFS itself is a 20% equity shareholder in Gemini, with the project majority-owned by Canada’s Northland Power, which holds 60%.

Gemini