- Gazelle Wind Power has raised $4m.
- The funds will help to develop its first demonstration project.
Ireland-based Gazelle Wind Power has secured $4 million to develop its hybrid floating offshore wind platform. According to the company, $1.3 million is in the form of seed funding, and $2.7 million is strategic long-term financing, which it would use to develop its first grid-connected demonstrator. Gazelle is working on a hybrid lightweight mooring platform for wind power production in deeper waters.
Contributors to the financing round include Valentin de Torres-Solanot del Pino, the founder of Spanish investment firm E2IN2, and the co-founders of Covalis Capital, Peter Murphy and Zach Mecelis. Investor Valentin de Torres-Solanot del Pino stated that Gazelle’s model, which combines tension-leg and semi-submersible platform technology will be at the forefront of tomorrow’s energy landscape.