New Fortress Energy Provides Business Update
Business Wire•29/10/2026•16:30 ET
0
Key Highlights
- ➤NFE agreed to lease ten mobile turbines generating up to 300 megawatts.
- ➤Five-year lease deliveries begin Q4 2026 and conclude Q1 2027.
- ➤Mobile turbine transaction expected to enhance earnings and liquidity profile.
- ➤FLNG 1 remains on track to return to service in Q4 2026.
Expert Statements
Wes Edens, Chief Executive Officer of NFE
“We evaluated several opportunities for these turbines, and we believe that partnering with an investment-grade counterparty in the United States best aligned with NFE’s priorities.”
Wes Edens, Chief Executive Officer of NFE
“It provides the Company significant, high-quality cash flows, puts our assets to work more quickly than alternative uses, and serves the growing demand for power in the USA.”
New Fortress Energy Inc. (NASDAQ: NFE) today announced that it has agreed to lease ten mobile turbines that can generate up to 300 megawatts of power to a US-based investment-grade company. The lease is for an initial period of five years.
The turbines are expected to be delivered in stages beginning in the fourth quarter of 2026 and finalized in the first quarter of 2027. The transaction is expected to be accretive to NFE’s earnings and enhance its liquidity profile.
Get started
Create a free account to read the full story.