Viana do Castelo-based Gazelle Wind Power, the developer of a next-generation floating offshore wind platform expertise, has secured an extra €2 million funding from Banco Português de Fomento, Portugal’s Sovereign Financial institution.
The funding was brough about by way of the Deal-by-Deal Co-investment Programme, bringing the whole funding raised for its ‘Nau Azul’ pilot undertaking to €18.8 million. Traders like Teresa Fiúza (BPF CIO) and Stephan de Moraes (Co-founder, Indico Capital Companions) proceed backing Gazelle’s mission.
“The assist of a revered institutional investor like Banco Português de Fomento is a robust vote of confidence in our floating wind platform and its potential to unlock offshore wind globally,” stated Jon Salazar, CEO of Gazelle Wind Energy. “This funding strengthens Gazelle Wind Energy Portugal’s place as a strategic participant within the renewable vitality sector. With the Nau Azul undertaking, we’re centered on validating our expertise and demonstrating a cost-competitive answer that may scale for bigger deployments.”
Based in 2020, Gazelle Wind Energy is targeted on the event of new-generation floating platforms for offshore wind vitality, whose mission is to make wind vitality manufacturing in deep waters extra viable, accessible, and with much less environmental influence on marine ecosystems.
Gazelle’s answer appears to turn into the benchmark for the trade with a design that’s focused to decrease prices, allow native content material, utilise pre-existing port infrastructure, and incorporate shipbuilding building with modular meeting. The floating platform reportedly gives excessive stability and simple transport, set up, and upkeep whereas preserving fragile marine environments.
This new funding will enable Gazelle to strengthen its place as a strategic participant within the world renewable vitality panorama, reinforce its operational construction, develop its technical workforce, and transfer forward with the development of the ‘Nau Azul’ pilot undertaking in Viana do Castelo.
‘Nau Azul’ is an illustration undertaking that can enable Gazelle to check their superior wind floating platforms in actual offshore circumstances close to Aguçadoura, Portugal. In line with Gazelle, this undertaking represents a major development in offshore wind vitality expertise, demonstrating how a brand new era of floating platforms could make renewable vitality more cost effective and scalable.
For Teresa Fiúza, Chief Funding Officer of BPF: “This funding reinforces our dedication to sustainable technological options with excessive financial influence. By supporting Gazelle Wind Energy, we contribute to accelerating the vitality transition in Portugal and likewise to strengthening our nation’s positioning as a hub for innovation in clear vitality, contributing to the creation of certified jobs and the sustainable growth of the blue financial system.”
Gazelle’s subsequent era floating offshore wind platform reportedly addresses vital trade challenges like excessive mass manufacturing and set up prices, complicated provide chain logistics, restricted appropriate set up websites, lowering the Levelised Value of Electrical energy (LCOE) while mitigating the environmental influence of conventional platforms on marine ecosystems.
Stephan de Moraes, Co-Founder and Managing Normal Accomplice at Indico Capital Companions added: “Gazelle is progressing in its mission to launch Nau Azul, a full-scale demo at sea. This funding from BPF takes the corporate nearer to being totally funded to execute the launch. We stay up for seeing it succeed.”
