EKF

EKF was named among the export credit agency and credit-insurance participants that supported the financing arrangements for the Gemini offshore wind farm in the Netherlands. The Gemini project is a 600MW offshore wind development in the Dutch North Sea, built between 2014 and 2017 and comprising 150 Siemens SWT-4.0-130 turbines, two offshore high-voltage substations, and an onshore transformer station at Eemshaven. Within the overall project financing, EKF’s involvement related to export credit / credit insurance support that complemented debt raised from a group of commercial banks and the European Investment Bank. This type of role generally strengthens the credit profile of large infrastructure financings by providing risk cover that can enable lending or improve debt terms, supporting the project company’s ability to reach financial close and proceed into construction. The source described a blended capital structure and explicitly listed export credit agencies including Euler Hermes, EKF, and ONDD as part of the financing support ecosystem. EKF’s role therefore sat at the interface between development and construction, helping to underpin bankable funding for the procurement and delivery of the wind farm’s major supply and construction packages.