Wind Energy – Funding
Gazelle Wind Power (Gazelle), the developer of a next-generation floating offshore wind platform technology, has secured a 11.4 million funding round led by Indico Capital Partners, a premier investor in ocean related sustainable technologies.
Other investors in the round included DST Group, August One, Wah Kwong, and E2IN2, among others. The funding will further accelerate the development of Nau Azul, Gazelle’s 2MW grid-connected demonstrator in Aguçadoura, Portugal.
“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,” commented Gazelle Wind Power CEO Jon Salazar.
“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 addresses critical industry challenges like 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 revolutionary 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.
