Gazelle Wind Power, a Viana Do Castelo, Portugal- and Dublin, Ireland-based developer of floating offshore wind platform technology, raised €11.4M in funding.
The round was led by Indico Capital Partners, with participation from DST Group, August One, Wah Kwong, and E2IN2, among others.
The company intends to use the funds to accelerate the development of Nau Azul, its 2MW grid-connected demonstrator in Aguçadoura, Portugal.
Led by CEO Jon Salazar, Gazelle Wind Power has developed a floating offshore wind platform whose patented dynamic mooring system reduces pitch and balances movement in response to external forces, including wind, waves, and tide. Its lightweight, modular design is based on naval engineering principles, does not use active ballasting systems, and allows for scalable, adaptable configurations, making it a more affordable and accessible solution for deep water deployment. The modularity of Gazelle’s components also enables cost-effective fabrication in shipyards, with final assembly near the wind farm site.
The company has a presence in Vigo and London.
FinSMEs
13/11/2024