What Gazelle Wind Power does

Gazelle Wind Power is a Dublin-incorporated, Portugal-headquartered developer of a patented hybrid modular floating offshore wind platform designed to enable utility-scale wind generation in deep-water sites beyond the 60-meter depth limit of fixed-bottom foundations. The platform combines tension-leg and semi-submersible architectural principles with a first-of-its-kind dynamic counterweight mooring system, claiming 70% less steel use, 30% lower cost versus conventional semi-submersibles, sub-1-degree platform tilt, and the ability to be assembled in three days at existing port facilities without dredging. The platform supports 15MW+ turbines and has been validated by DNV with a Statement of Feasibility (September 2021) — the first and only offshore floating wind system of its kind to receive such verification. The company's flagship asset is the 2MW Nau Azul grid-connected demonstrator off the coast of Aguçadoura, Portugal, which secured a 10-year TUPEM maritime authorization in April 2025.

The company's business model is built on three revenue streams: one-time platform sales to energy developers and utilities, technology licensing to shipyards and manufacturers (notably a Center for Manufacturing Excellence with Ferrofab FZE at Jebel Ali, UAE), and engineering/advisory services delivered through partnerships with Vienna Consulting Engineers and WAM Horizon. Gazelle goes to market via direct enterprise sales targeting large energy developers, utilities, and government bodies, leveraging board-member networks from Iberdrola, Wartsila, Highview Power, and the former EU Climate Commissioner Connie Hedegaard. The company maintains offices in Dublin, Viana do Castelo, Vigo, Reading, Austin, and a manufacturing footprint in Dubai, with a controlling stake acquired in Spanish naval engineering firm F. Carceller in May 2023. Capital has been raised through seed, crowdfunding (Seedrs), institutional equity (Indico Capital Partners), strategic corporate capital (dstgroup/dstventures), and Portuguese public funding (Banco Português de Fomento, NORTE2030, EU NextGenerationEU). As of the latest available data, Gazelle is pre-commercial, with the Nau Azul demonstrator not yet deployed and no disclosed revenue.

Name

Gazelle Wind Power

Legal name

Gazelle Wind Power Portugal S.A.

Website

https://gazellewindpower.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Gazelle Wind Power develops a patented hybrid modular floating offshore wind platform with a dynamic counterweight mooring system for deep-water utility-scale deployments. The Dublin/Portugal-based company is pre-commercial, validating its technology through the 2MW Nau Azul demonstrator off Portugal.

Ownership category

akta.pro rank

Product category

Floating Offshore Wind Platforms

NAICS

Wind Electric Power Generation (221115)

akta.pro primary industry

Offshore Wind Power Generation (Floating) (EUACAFAC)

akta.pro secondary industries

Offshore Wind Substructures & Marine Engineering (Monopiles, Jackets, Floating) (EUAMACAE), Advanced Wind Technology R&D (Floating Offshore, Airborne Wind, New Rotor/Blade Concepts) (EUAMAOAB), Wind Blades, Towers & Foundations Manufacturing (EUAMAHAE)

Keywords

• Floating offshore wind
• Wind platform technology
• Offshore renewable energy
• Deep-water wind farms
• Mooring systems

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations

Revenue model

1. Floating Offshore Wind Platform Sales: Sale of Gazelle's patented hybrid floating offshore wind platforms to energy developers and utilities. Platforms are sold as engineered products, with modular components manufactured by partners (Ferrofab, bysteel) and assembled using shipbuilding processes. Revenue generated through project-specific contracts.
2. Technology Licensing: Gazelle licenses its patented floating platform technology to manufacturers and project developers. The modular design enables licensed production at shipyards worldwide, supporting regionalized manufacturing and job creation.
3. Engineering and Advisory Services: Gazelle provides engineering design services, project development advisory, and technical consulting through partnerships with firms like VCE (monitoring and analysis) and WAM Horizon (strategic advisory).

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Gazelle Wind Power designs and develops a patented hybrid modular floating offshore wind platform that combines semi-submersible and tension-leg platform architectures with a first-of-its-kind dynamic (mobile) counterweight-based mooring system. The platform uses approximately 70% less steel than conventional designs, supports turbines of 15MW and larger, and is deployable in deep waters beyond 60 meters where fixed-bottom foundations are not feasible.

Product overview

Gazelle Wind Power offers a single core product line: its patented hybrid modular floating offshore wind platform, with the Nau Azul 2MW demonstrator project serving as the primary commercial deployment vehicle. The platform combines unique hull geometry with a counterweight-based dynamic mooring system, splitting the classical functions of buoyancy and stability. It is modular, assembled from components fabricated in shipyards and can be deployed from shallow-draft ports. The Nau Azul project (located off Aguçadoura, Portugal) validates the platform's design for large turbines (15MW+) and is the flagship demonstration of the technology.

Differentiator

Problem solved

Functional benefit

Brands

• Nau Azul: Gazelle Wind Power's flagship 2MW grid-connected floating offshore wind demonstrator project located off the coast of Aguçadoura, Portugal. Designed to validate Gazelle's modular floating wind platform technology supporting 15MW and larger wind turbines.

Products and services

• Gazelle Floating Offshore Wind Platform A hybrid modular floating offshore wind platform combining tension-leg and semi-submersible design principles with a first-of-its-kind dynamic counterweight mooring system. Uses approximately 70% less steel than conventional platforms, delivers 70% less horizontal movement than semi-submersibles with tilt under 1 degree, and 80% less mooring tension load than tension leg platforms. Supports turbines of 15MW and larger, deployable in waters up to 400m deep.
• Nau Azul Project A 2MW grid-connected floating offshore wind demonstrator project located off the coast of Aguçadoura, Portugal. Serves as the validation platform for Gazelle's patented floating wind technology, demonstrating modular turbine platform capability for turbines of 15MW and above. Funded through a combination of equity and strategic investment totaling €18.8M, with TUPEM maritime authorization secured for 10 years.

Quantifiable outcome

• 30% cost reduction vs conventional semi-submersible floating platforms
• +8 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators9 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Principle Power: Principle Power develops the WindFloat semi-submersible floating wind platform, including WindFloat Atlantic (25MW operational off Portugal, adjacent to Gazelle's Iberian focus). It is the closest direct competitor to Gazelle in the European floating offshore wind platform market, with overlapping customer base (European utilities/developers) and competing technology claims.
• BW Ideol: BW Ideol developed the bilateral floating wind foundation with demonstrators in France and Japan and a commercial pipeline. It competes head-on with Gazelle in the floating substructure category, targeting the same deep-water (>60m) utility-scale segment with a different architectural approach.

Broad incumbents

• Equinor: Equinor developed the Hywind spar-buoy floating wind concept with operating assets at Hywind Scotland and Hywind Tampen (Norway). As an integrated energy major with deep pockets and a multi-gigawatt floating wind pipeline, it is a key incumbent that any independent platform provider like Gazelle must compete with for developer-of-choice status.
• SBM Offshore: SBM Offshore leverages its offshore FPSO engineering heritage to design floating wind foundations, including the Floating Wind Solutions unit. It competes with Gazelle in the floating substructure market with significantly larger balance sheet and offshore project delivery track record.
• Aker Solutions: Aker Solutions (and affiliated Aker entities) developed the Hywind concept alongside Equinor and has broader offshore engineering capabilities across floating wind and offshore substations. It is an established incumbent competing for floating-wind platform and EPCI contracts in the same European/North American market as Gazelle.
• Ocean Winds (EDP/Engie JV): Ocean Winds is the dedicated offshore wind joint venture of EDP and Engie, developing floating wind projects (including WindFloat Atlantic in partnership with Principle Power). It is a key developer-of-choice customer for floating platforms in the Iberian/North Sea market and a potential off-taker for Gazelle's platform.

Emerging players

• Hexicon: Hexicon is developing a multi-turbine floating wind foundation (TwinHub demonstrator in Cornwall, UK). It is a smaller, earlier-stage platform developer with an innovative multi-rotor design, overlapping with Gazelle's target customers and project developers in European deep-water markets.

Others

• Vestas: Vestas is a leading wind turbine OEM with a deep-water offshore wind portfolio and V236-15.0 MW turbine that would sit on Gazelle's platform. It is an adjacent ecosystem participant — a potential technology partner, supplier, or alternative path-to-market for floating wind projects rather than a direct competitor in substructures.
• Siemens Gamesa Renewable Energy: Siemens Gamesa (now part of Siemens Energy) manufactures offshore wind turbines including the SG 14-222 DD designed for floating wind. It is a critical ecosystem participant: Gazelle's board includes David Mesonero (ex-CFO Siemens Gamesa), and SGRE is a potential turbine supplier and design-partner for Gazelle platform customers.
• Maersk Supply Service: Maersk Supply Service is an integrated offshore EPCI provider with a signed 2021 MOU to deploy Gazelle's 2MW pilot. As an installation/installation-services partner and offshore-vessel operator, it is an ecosystem enabler rather than a competitor, but is representative of the broader offshore-services peer set.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/GazelleWind
• LinkedInlinkedin.com/company/gazelle-wind-power

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gazelle Wind Power