Canadian firm gets funding for Dutch wind energy farm

A Canadian firm says it has raised $3.8 billion to build a major new wind turbine farm 52 miles off the Dutch coast near Germany

Content Dam Pennenergy Online Articles 2014 04 Teesside 03

AMSTERDAM (AP) — A Canadian firm says it has raised $3.8 billion to build a major new wind turbine farm 52 miles off the Dutch coast near Germany.

Northland Power of Toronto said Thursday the 600 MW Gemini project should be completed in 2017. That's enough electricity to supply roughly 750,000 Dutch households, if operating at full capacity.

Offshore Wind Farm

Despite the country's long history of wind turbine use, the Netherlands has one of the smallest bases of wind turbines for generating electricity among wealthy nations — less than 5 percent of Dutch electricity production comes from renewable energy sources.

Dutch governments shifted course on energy policy several times in the past decade. The current government offers a flexible subsidy per kilowatt-hour generated, paying more when prices are low and less when they are high.

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