Final Gemini permits issue solved
The final permitting obstacle for Typhoon Offshore’s 600MW Gemini project in the Dutch North Sea has been removed, after an association of fishermen withdrew their appeal against the project.
The fishermen were concerned that – despite assurances to the contrary from Typhoon – they would be restricted from fishing in certain areas once Gemini became operational due to the project’s two planned export cables.
However, after the Dutch Ministry of Infrastructure and Environment confirmed it foresaw no reason why any fishing restrictions would be needed, the fishermen agreed to withdraw their appeal, leaving Gemini’s permits “irrevocable”, according to Typhoon.
The original permits for the wind farms – owned by Bard until 2011 – were amended after a project redesign.
Gemini’s two 300MW wind farms will feed the Dutch grid via a duo of 110km export cables, linking to a substation at Eemshaven.
Amsterdam-based Typhoon still needs to raise additional senior debt before it reaches financial close at the project.
Earlier this week Typhoon announced that Danish pension fund PKA would provide €120m ($163m) of subordinated loans to Gemini.
Toronto-listed Northland Power, Siemens Project Ventures, Van Oord, HVC and Typhoon itself hold the equity stakes in the project.