Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
In 2018, Dutch offshore contractor Van Oord sold its 10% equity stake in the Gemini offshore wind project to German insurance company ALTE LEIPZIGER-HALLESCHE. As Gemini’s grid connection, including the two AC export cables and associated substations, is part of the overall project scope and is built and owned by the project company, this transaction also transferred a corresponding 10% ownership share in the Gemini export cable system to ALTE LEIPZIGER-HALLESCHE.