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Green Giraffe was mandated to advise on the EUR 2.8 bn financing, closed on 14 May 2014, of the 600 MW Gemini offshore wind project in the Netherlands
Green Giraffe successfully advised the original developer, Typhoon Capital, in the creation and negotiation of a bankable corporate, commercial and technical structure. Green Giraffe advised on the sale of the project to its current owners and subsequently advised the project and the new sponsors on raising EUR 2.1 billion in long term non recourse debt loans from banks, export credit agencies and the European Investment Bank. Jointly owned by Northland Power, Siemens, Van Oord and HVC, Gemini holds the concession in the Dutch exclusive economic zone, for an offshore wind farm of up to 600 MW, comprising 150 Siemens SWT-4-130 turbines.
“As financial advisors to Gemini, Green Giraffe’s knowledge and experience was invaluable in structuring the Gemini project financing. Green Giraffe were embedded in the financing team and played a key role in detailed negotiations with the creditors. I have the highest respect for the professionalism and commitment of the Green Giraffe team and we at Northland look forward to working with them again. (Tony Anderson, Northland Power)”
Click here for the project website