PKA’s commitment means that the 600MW Gemini's equity and subordinated debts requirements have been fully subscribed, leaving Typhoon Offshore, the Amsterdam-based developer behind the project, focused on raising the senior debt needed for the project.
The agreement represents the first time a pension fund has financed a Dutch offshore wind project prior to construction.
The involvement of PKA brings another experienced offshore wind investor to the table, as Typhoon continues hammering together what is likely to become the first Dutch project to step into the water in more than five years.
PKA
