You’ve been working with three other shareholders: HVC and Van Oord
Back in 2013, as Gemini was taking off, offshore wind was still relative-
in addition to Northland Power. What’s your opinion of the team?
ly new and unknown. All of that has changed. How do you perceive this
‘I’d say it was a very positive interaction. Obviously we had to negotiate,
development?
but as an experienced project finance player Northland was really eager
‘It’s fair to say that the competition has increased. For the sector as a
to get the action up and running. Both HVC and Van Oord were new
whole, that’s a positive development. It means that offshore wind is
to us, but we quickly understood that they too were convinced of our
quickly maturing. The fact that the price of renewable energy is going
unifying goal: to get this immense logistical effort successfully on track.
down is good news for consumers. For us, there’s the challenge of acquir-
And so far, that appears to be working. The operation is on schedule.
ing new projects. We’re quite open to new opportunities, but we’ll have to
And we’re proud of that.’
make every business case viable. That means looking closely at the cost of things and at how we finance new projects. But we’re confident and hopeful that the experience of Gemini will count for something.’
Gemini Wind Park | How it all started
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