Northland Tops Off Majority Stake In $4B North Sea Wind Farm

Law360, New York (January 30, 2014, 4:24 PM EST) -- Developer Northland Power Inc. said Thursday that it has agreed to acquire an additional 5 percent interest in a €2.8 billion ($3.79 billion), 600-megawatt wind farm called Gemini, from Typhoon Offshore BV, bringing its total investment to 60 percent.

The North Sea wind farm, 85 kilometers off the Netherlands coast, will take advantage of powerful northern winds and a stable sea bed, Northland said. The Canadian developer said that it will continue its lead role in completing the Gemini farm, which is currently under construction....
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