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02 Aug '13

Van Oord involved in Gemini offshore wind park

On 2 August 2013, Van Oord announced its intention to acquire an equity stake of 10% in the Gemini offshore wind park, in a consortium with Northland Power Inc. (NPI), Siemens Project Ventures GmbH, HVC N.V. and Typhoon Offshore B.V.

The Gemini wind park will be built 60 kilometers from the coast of Dutch Schiermonnikoog island, an area with excellent wind conditions. The construction of the Gemini wind park will start early 2015. Construction will take place in the period 2015 - 2016, after which the project will be fully operational in 2017. The 600 MW wind park consists of 150 wind turbines, each with a capacity of 4 MW. Following construction, the wind park will supply electricity to more than 785,000 households.

As majority shareholder, NPI, the Canadian producer of sustainable energy, is taking a leading role during the phases of further development, construction and operations.

Van Oord will be involved in the Gemini project in two ways: as a project shareholder and as an EPC contractor (engineering, procurement and construction) during the building of the wind park. The EPC contract, with a total value of approximately EUR 1.3 billion, involves supplying and installing the foundations, the entire electrical infrastructure, including the off and onshore high-voltage stations, the cables and installing the Siemens wind turbines. Van Oord will deploy the dedicated developed offshore wind turbine transport and installation vessel Aeolus for the construction of this wind park. The total Gemini project construction costs amount to EUR 2.8 billion.

CEO Pieter van Oord: "Gemini demonstrates the added value of the Dutch offshore industry and illustrates Van Oord's leading position in the market for offshore wind parks. The team of the shareholder are highly qualified and form a solid consortium that will advance the development of sustainable energy in the Netherlands. The project is also an important step forward in meeting the climate objectives of the Dutch government."