Gazelle Wind Power secures €11.4m in funding round

The funding will further accelerate the development of Nau Azul, Gazelle’s 2MW grid-connected demonstrator in Aguçadoura, Portugal.

Led by Indico Capital Partners, other investors included DST Group, August One, Wah Kwong, and E2IN2, among others. 

“Indico’s reputation for backing pioneering, sustainable technologies speaks volumes about the potential they see in our floating wind platform technology unlocking the offshore wind industry globally,” said Jon Salazar, CEO of Gazelle Wind Power. “The Nau Azul project will serve as an example of how to design, build, install, operate and therefore enable cost-competitive floating wind energy generation.”

Gazelle’s next generation floating offshore wind platform is claimed to address industry challenges including high mass production and installation costs, complex supply chain logistics, limited suitable installation sites, reducing the Levelized Cost of Electricity (LCOE) whilst mitigating the environmental impact of traditional platforms on marine ecosystems. 

The platform’s patented dynamic mooring system reduces pitch and balances movement in response to external forces, including wind, waves, and tide.