New Fortress Energy (NFE) has entered into a five-year agreement to lease ten mobile turbines, capable of generating up to 300 megawatts (MW) of power, to an undisclosed US-based investment-grade company. The transaction is expected to be accretive to earnings and enhance NFE's liquidity with significant cash flows.
Key Details
- Agreement Terms: The lease is for an initial period of five years for ten mobile turbines with a combined capacity of up to 300 MW.
- Delivery Timeline: Turbines are expected to be delivered in stages, beginning in Q4 2026 and finalizing in Q1 2027.
- FLNG 1 Update: NFE also confirmed its FLNG 1 liquefier remains on track to return to service in the fourth quarter of 2026.