The Hollandse Kust Noord project will generate enough renewable energy equal to the energy needs of 1 million Dutch households.


Societe Generale has been entrusted to act as sole issuing bank of a 75 million euros green guarantee for Siemens Gamesa Renewable Energy to be used in the Hollandse Kust Noord offshore wind farm in the Dutch North Sea

Siemens Gamesa, a global leader in the wind power industry, has recently signed a firm order with Cross Wind, the joint venture formed by Shell and Eneco, to deliver 69 turbines for the 759 MW Hollandse Kust Noord offshore project, an accord that includes a 15-year service and maintenance agreement. 
The Hollandse Kust Noord project is the third project of the Dutch national offshore wind roadmap based on subsidy-free tenders. Construction work is expected to commence in 2023 and once operational, the project will generate enough renewable energy equal to the energy needs of 1 million Dutch households. 


Siemens Gamesa is at the forefront of delivering solutions that contribute to decarbonizing the power sector, and simultaneously aid in securing a green recovery from the pandemic. We are happy to lend our expertise in offshore wind and help The Netherlands achieve zero greenhouse gas emissions from their energy supply by 2050. On an even more local level, the long-term service agreement ensures direct economic benefits in years to come, explained Marc Becker, CEO of the Siemens Gamesa Offshore Business Unit when the project was announced. 

Societe Generale is fully committed to the energy transition and we are proud to accompany Siemens Gamesa Renewable Energy in this innovative project with such positive impacts on the environment and society. Our Group started financing renewable energy 20 years ago and we continue delivering sustainable solutions for our clients in this field, explain Laetitia Rodríguez, Banker at Societe Generale and Claudia Serigado, Head of Global Transaction Banking in Spain.