Fortescue has today announced a new capital investment in Nabrawind. This investment stems from the collaboration initiated in 2023 between Fortescue, a mining and green energy company based in Australia, and Nabrawind, a Navarre-based company dedicated to the design, development, manufacturing, and commercialization of advanced wind technologies for wind turbine components.
The collaboration between both companies is focused on addressing the most challenging issues in onshore wind energy today, such as reducing logistics costs, the limited or non-existent availability of large cranes, and project delays. This new investment supports Nabrawind’s growth and accelerates Fortescue’s decarbonization mission.
In the words of Fortescue Energy CEO, Mark Hutchinson: “Fortescue is pleased to continue our investment in a company leading the way in wind turbine technology. Nabrawind is a critical partner in our fight to increase renewable energy adoption and decarbonize our energy usage in our Western Australian iron ore operations.”
“Fortescue’s investment will further enable Nabrawind to ramp up their cutting-edge innovations toward full scale commercialisation, with Fortescue as a major customer.”
Eneko Sanz, CEO of Nabrawind said: “We are doubly satisfied: on the one hand, our partners secure profitability; on the other hand, we welcome a dream partner who shares our vision for the green transition. This partnership offers a large pipeline for Nabrawind, robust financial strength to support future growth, and consolidates our current team, which is performing incredibly well”.
The first year of collaboration between both companies accelerated the inclusion of Nabrawind’s products with top wind turbine manufacturers, paving the way for further investment. Nabrawind’s technology is a step towards reducing barriers to generating green energy as well as manufacturing low-cost green hydrogen, which is a central pillar in Fortescue’s decarbonization roadmap.
During the negotiation process, Nabrawind received legal advice from Arpa Abogados y Consultores.