Gazelle Wind Power, a developer specializing in floating offshore wind platforms, has appointed Alvaro Ortega as its new Chief Financial Officer.
Previously, Ortega held the role of Vice President of Finance at Avangrid, the US-based subsidiary of Iberdrola, a global energy leader. At Avangrid, Ortega oversaw investor relations and treasury functions for the company, which currently boasts a market capitalization of approximately $12.1 billion.
Prior to his tenure at Avangrid, Ortega served as the CFO of Vineyard Wind, where he played a pivotal role in securing financial closure and commencing construction for the inaugural commercial-scale offshore wind farm in the United States, the 800MW Vineyard Wind 1 project.
Jon Salazar, CEO and Founder of Gazelle expressed his enthusiasm about Ortega’s appointment, citing Ortega’s financial expertise and dedication to renewable energy. Salazar believes Ortega’s addition to the team is a significant asset for Gazelle, particularly as the company progresses into an exciting phase of development.
Reflecting on his decision to join Gazelle, Ortega emphasized several compelling factors, including Salazar’s dedication and the exceptional team at Gazelle. Ortega highlighted Gazelle’s positioning to lead the industry due to its technology’s efficiency in extreme conditions, utilizing fewer resources and less steel compared to other platforms. He also mentioned the simpler assembly and maintenance processes that contribute to the competitiveness and advancement of offshore floating wind, aligning with the industry’s future demands.
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