1. Gemini: the largest offshore
wind park ever financed
Siemens‘ technological innovations and tailored financial solutions secure
green energy for more than 1,500,000 people
Gemini funding
A private investment in sustainability
€200 million
in subordinate debt provided
Nearly €3 billion
total construction budget
€1.5 billion
Siemens contract
€500 million
in equity invested
60% 40%
Danish pension
fund PKA
Northland
Power
The wind park
Gemini’s importance to green-energy
development
1,540,000
people
=
785,000
households
=
With a capacity of
600 MW,
2.6 TWh
the plant will produce
annually.
=
150
= +
60%
Northland
Power
20%
Siemens
Financial
Services
10%
HVC
10%
Van Oord
twice as many
inhabitants as in
the Dutch capital
of Amsterdam
Renewable energy production and clean energy supply
CO2 reduction
The power needed to build
the wind park will be
compensated after only
Zero CO2
emissions are produced.
1.25 million tons
fewer CO2 emitted per year.
Location
Netherlands
15
years of service
65 m
130 m
Financing
challenges
Aligning interests of stakeholders
Finding the broad base of deep
investor participation
Attaining good ECA cover to
assure lenders
Obtaining substantial
underwriting commitments
68 km2 area
rotor diameter
Largest offshore
wind park in the
Netherlands and
the North Sea.
water depth 28-36 m
Infographic © Siemens
3 months
of production
turbines
Groningen
85 km
out into the
North Sea
Sources
http://geminiwindfarm.com/ - http://www.4coffshore.com/windfarms/gemini-netherlands-nl18.html - http://www.gemini-wind.eu/ - Recharge News,
May 22, 2014. IJ Global, May 27, 2014. Financial Times, May 15, 2014. Project Finance International, May 21, 2014. Wind Energy Update, June 16, 2014.