NFE - New Fortress Energy Powers Up Brazil Business With Game-Changing 1.6 GW Capacity Reserve Contract | Benzinga
New Fortress Energy Inc (NASDAQ: NFE) penned an agreement to acquire a 1.6 GW Capacity Reserve Contract (PPA) from Ceiba Energy, a portfolio company of Denham Capital.
The company is buying the assets in exchange for NFE Convertible Preferred Stock and assuming certain liabilities from a subsidiary of Ceiba Energy.
The company will transfer the PPA to power assets connected to its existing LNG terminals in Brazil - Barcarena and Terminal Gas Sul.
NFE projects to close the ...