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Dublin-based floating wind platform developer Gazelle Wind Power on Wednesday announced that it has appointed the former vice-president of finance at Avangrid Inc (NYSE:AGR), Alvaro Ortega, as its chief financial officer (CFO).
Ortega managed investor relations and treasury at Avangrid and served as CFO of Vineyard Wind LLC, contributing to the financial close of the 800-MW Vineyard Wind 1 offshore wind project in the US.
In his new role, Ortega will lead all financial aspects of Gazelle’s business as the company focuses on demonstrating its next-generation platform design in a pilot project in Agucadoura, Portugal.
“Finding someone with a track record like Alvaro’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,” said Gazelle CEO and founder Jon Salazar.
“[…] I believe the company is positioned to lead the industry because its technology excels under the most extreme conditions while utilising fewer resources and less steel compared to its counterparts. 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,” added Ortega.
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