Nabrawind receives financial support from Fortescue Future Industries

Wind technology design and development company Nabrawind (Navarra, Spain) has announced funding support from global green energy and products company Fortescue Future Industries (FFI).

Nabrawind commercializes five products of great added value for wind energy: the modular blade, Nabrajoint; the self-erecting tower, Nabralift; the tripod foundation, Nabrabase;  the crane-less blade installation system, Bladerunner; and a new system to install the whole wind turbine at 15 m/s, Skylift.

Nabrawind has completed the R&D and prototyping phase for its product portfolio, and has seen successful market entrance, requiring new investments to meet increasing demand. 

Eneko Sanz, general manager of Nabrawind, says, “After the technical, production capacity and entry into the market challenges, our next steps are market consolidation and financial capacity for facing the expected growth. Our partnership with FFI reinforces us in both strategic lines, with very similar culture values and vision about the ecological transition.”

FFI is developing a global portfolio of renewable energy and green hydrogen projects and the funding agreement, which is convertible into a minority shareholding, seeks to expand Nabrawind’s production capacity to meet growing demand from renewable projects, like those from FFI, in the coming years.

FFI CEO Mark Hutchinson says, “FFI values Nabrawind as a critical ally in the development of renewable energy and the green transition. Reducing the cost of renewable energy production is a key driver of green hydrogen adoption. The innovative products developed by the talented team at Nabrawind are just one of the ways to do this, both for FFI and across the market.”

Nabrawind’s strategic plan includes both organic growth in all the company areas and inorganic growth by key alliances or joint ventures with other stakeholders, from IPPs, OEMs and relevant suppliers or industrial partners.