Fortescue has 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 enable Nabrawind to ramp up their cutting-edge innovations towards large-scale commercialization, with Fortescue as a major customer.” Eneko Sanz, CEO of Nabrawind, states: “We are doubly satisfied: on one hand, our partners ensure profitability, as this operation also involves a partial divestment; on the other hand, we welcome a dream partner who shares our vision for the green transition. This partnership offers a large portfolio for Nabrawind, robust financial strength to support future growth, and consolidates our current team of 41 highly qualified professionals, who are 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.
