The wind has been blowing with astounding power for thousands of years. This power offers Gemini a unique opportunity to refocus on wind as power supply for the Netherlands. With 150 turbines located 85 kilometres north of the Groningen coast, not visible from land, Gemini will generate energy in a region of the North Sea that has some of the world’s highest and consistent wind speeds.
Once Gemini is operational in 2017, the wind farm will generate clean, endless renewable wind energy for 1.5 million people in the Netherlands. This corresponds to the total population of the country’s three northernmost provinces.
Moreover, Gemini will make a significant contribution towards achieving the Netherlands and European Union’s renewable energy targets. It is anticipated that the wind farm will reduce the Netherlands’ CO₂ footprint by 1.25 million tons per year. This will enable Gemini to play an important role in the global transition towards a more sustainable future.
Through human inventiveness, the Dutch have lived and prospered on wind for centuries. Gemini aims to continue this tradition by building and operating one of the world’s largest offshore wind farms.
Biggest Project funding
The Gemini Wind Park is the biggest renewable energy project in the world that is funded on a project basis. This form of funding (non-recourse finance) means that the parties providing loans only have the project and project revenues as security. They have thus no recourse to the owners of the wind farm. This means that the banks set high demands on the quality of the project. Gemini passed the strictest tests with flying colours. Banks from three continents have placed their trust in Gemini.