Dstgroup injects €1.5mn into Gazelle Wind Power for offshore wind project in Portugal
Dstgroup, through its subsidiary dstventures, invests €1.5mn ($1.62mn) in Gazelle Wind Power and commits to building the structures for the Nau Azul project, marking progress for the floating wind industry in Portugal.
| Countries | Portugal |
|---|---|
| Sector | Énergie Éolienne, Flottant |
| Theme | Investissements & Transactions, Investissement entreprise |
Gazelle Wind Power, a developer of next-generation floating wind platforms, has announced a strategic agreement with the Portuguese conglomerate dstgroup. Through dstventures, its venture capital entity, dstgroup will invest €1.5mn ($1.62mn) in Gazelle. This partnership also involves an industrial commitment, with dstgroup’s subsidiary bysteel responsible for manufacturing and constructing the modular steel structures for the Nau Azul project, located off the coast of Aguçadoura, Portugal.
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