Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Northland Power and its partners reached financial close for the 600 MW Gemini offshore wind farm in May 2014, securing approximately €2.8 billion of project financing comprising senior debt, subordinated debt and equity. This financial close enabled construction to proceed for the North Sea project owned by Northland Power (60%), Siemens (20%), Van Oord (10%) and HVC (10%).