Gazelle Wind Power bags USD 4m for floating platform development

Ireland-based Gazelle Wind Power Limited today said it has secured USD 4 million (EUR 3.4m) to develop its hybrid floating offshore wind platform.

The company has secured USD 1.3 million in seed funding and USD 2.7 million in strategic long-term financing, which Gazelle will use to develop its first grid-connected demonstrator.

Valentin de Torres-Solanot del Pino, founder of Spanish investment firm E2IN2, and the co-founders of Covalis Capital, Peter Murphy and Zach Mecelis, contributed to the funding round.

Gazelle is developing a hybrid attenuated mooring platform for wind power production in deeper waters.

"By combining the best features of tension-leg and semi-submersible platforms—while eliminating their drawbacks—Gazelle’s technology will be at the forefront of tomorrow’s energy landscape," Valentin de Torres-Solanot del Pino commented.

(USD 1 = EUR 0.853)

Choose your newsletter by Renewables Now. Join for free!