Portuguese energy startup Gazelle Wind Power raises an additional €2 million for its offshore wind platform technology.
The funding, secured from Banco Português de Fomento, brings the total investment for its 'Nau Azul' pilot project to €18.8 million.
Gazelle Wind Power focuses on developing floating platforms for offshore wind energy to make wind energy production in deep waters more viable and environmentally friendly.
The investment will enable Gazelle to strengthen its position in the renewable energy sector, expand its technical team, and advance the construction of the 'Nau Azul' pilot project.