New Fortress Energy Provides Business Update
New Fortress Energy agreed to lease ten mobile turbines, capable of generating up to 300 megawatts, to a US-based investment-grade company for an initial five-year term. Deliveries are expected to begin in Q4 2026 and conclude in Q1 2027.
Why it matters — The company says the transaction is expected to be accretive to earnings and enhance its liquidity profile.