Gazelle Wind Power, a floating offshore platform developer, has appointed Álvaro Ortega as CFO.
Ortega is a former vice president of finance at Avangrid, the U.S. subsidiary of Iberdrola, managing investor relations and treasury for the firm. Previously, Ortega served as CFO of Vineyard Wind, helping the company achieve financial close and commencement of construction for the first U.S. commercial-scale offshore wind farm, the 800 MW Vineyard Wind 1.
“Finding someone with a track record like Álvaro’s is rare. Due to his financial expertise and passion for renewable energy, his joining the team is a home run for Gazelle as we enter an exciting phase in our company’s development,” says Gazelle CEO and founder Jon Salazar.
Ortega will lead all financial aspects of Gazelle’s business as the company focuses on demonstrating its next-generation design through a pilot plant in Aguçadoura, Portugal together with WAM Horizon.
“I believe the company is positioned to lead the industry because its technology excels under the most extreme conditions while utilizing fewer resources and less steel compared to its counterparts,” says Ortega.
“Additionally, it offers a simpler assembly process and maintenance, which further enables the competitiveness and acceleration of offshore floating wind. This aligns with what the future of this industry demands.”
