| Floating offshore wind company Gazelle Wind Power has secured an additional €2 million investment from Banco Português de Fomento, Portugal’s Sovereign Bank, through the Deal-by-Deal Co-investment Programme, bringing the total investment raised for its Nau Azul pilot project to €18.8 million. Based in Dublin and Viana do Castelo, Portugal, Gazelle Wind Power’s mission is to make wind energy production in deep waters more viable, accessible, and with less environmental impact on marine ecosystems. The company said its Nau Azul platform for wind power uses a geometry and counterweight system that reduces steel use, significantly cutting CAPEX and simplifying industrialization. It also said the compact design enables deployment from shallow ports, offering a smaller footprint and lower overall costs. “This investment strengthens Gazelle Wind Power Portugal’s position as a strategic player in the renewable energy sector,” said Jon Salazar, CEO of Gazelle Wind Power. “With the Nau Azul project, we’re focused on validating our technology and demonstrating a cost-competitive solution that can scale for larger deployments.” The investment will allow Gazelle to reinforce its operational structure, expand its technical team, and move ahead with the construction of the pilot project in Viana do Castelo. “This investment reinforces our commitment to sustainable technological solutions with high economic impact,” said Teresa Fiúza, Chief Investment Officer of BPF. “By supporting Gazelle Wind Power, we contribute to accelerating the energy transition in Portugal and also to strengthening our country’s positioning as a hub for innovation in clean energy, contributing to the creation of qualified jobs and the sustainable development of the blue economy.” |
Gazelle Wind Power Secures Additional €2 Million From Portugal’s Sovereign Bank
