Gazelle Wind Power Funding News – Gazelle Wind Power Raises €2 Million

This funding comes through the Deal-by-Deal Co-investment Programme, raising the total investment for its ‘Nau Azul’ pilot project to €18.8 million.

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Supporters like Teresa Fiúza (CIO at BPF) and Stephan de Moraes (Co-founder of Indico Capital Partners) continue to back Gazelle’s mission.

“The support of a respected institutional investor like Banco Português de Fomento is a strong vote of confidence in our floating wind platform and its potential to unlock offshore wind globally,” said Jon Salazar, CEO of Gazelle Wind Power. “This investment strengthens Gazelle Wind Power Portugal’s position as a strategic player in the renewable energy sector. With the Nau Azul project, we’re focused on validating our technology and demonstrating a cost-competitive solution that can scale for larger deployments.”

Gazelle’s platform is designed to reduce costs, support local manufacturing, use existing port infrastructure, and apply modular shipbuilding techniques. It also promises high stability, easy transport, and simpler installation and maintenance—all while protecting marine life.

The latest investment will help Gazelle grow its global presence, strengthen operations, expand its technical team, and advance the construction of its ‘Nau Azul’ pilot project in Viana do Castelo.

‘Nau Azul’ is a demonstration project to test Gazelle’s technology in real offshore conditions near Aguçadoura, Portugal. It marks a major step toward making offshore wind energy more cost-effective and scalable with innovative floating platform designs.

For Teresa Fiúza, Chief Investment Officer of BPF: “This investment reinforces our commitment to sustainable technological solutions with high economic impact. 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’s next-generation floating offshore wind platform aims to tackle key industry challenges such as high production and installation costs, complex supply chains, and limited suitable sites.

It’s designed to lower the Levelised Cost of Electricity (LCOE) while reducing the environmental impact on marine ecosystems compared to traditional platforms.

Stephan de Moraes, Co-Founder and Managing General Partner at Indico Capital Partners added: “Gazelle is progressing in its mission to launch Nau Azul, a full-scale demo at sea. This investment from BPF takes the company closer to being fully funded to execute the launch. We look forward to seeing it succeed.”

Abpout Gazelle Wind Power

Founded in 2020, Gazelle Wind Power is developing a new generation of floating platforms for offshore wind energy. Its mission is to make wind power in deep waters more viable, accessible, and environmentally friendly, with less impact on marine ecosystems.