Gemini will use Siemens 4MW turbines
Final Gemini permits issue solved
05 December 2013 09:20 GMT
PKA commits to Typhoon's Gemini
02 December 2013 09:21 GMT
Dutch 600MW offshore project still on course, insists Typhoon
12 July 2012 11:58 GMT
Thursday, January 30 2014
Northland said it has agreed to buy the residual 5% stake of Gemini’s
developer, Typhoon Offshore.
The Typhoon stake will be added to the rights to 55% of Gemini’s equity
that Northland agreed to buy in August last year.
The Canadian group will be the majority stakeholder in Gemini along with
a consortium of Siemens – which will supply 4MW wind turbines – Van Oord and HVC,
a group of Netherlands municipalities.
Northland said: "Acquiring the rights to a majority equity stake in
Gemini is consistent with our commitment to fostering sustainable growth that
allows us to deliver reliable returns to investors.”
Gemini – set to be the biggest wind farm in the North Sea on completion –
is due to enter construction later this year.
Typhoon said efforts to close financing on the €2.8bn ($3.8bn) project have now entered “execution
mode” as it completes arrangements with banks.
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