New fortress energy announces sale of jamaica assets & operations to excelerate energy

New york--(business wire)--new fortress energy inc. (nasdaq: nfe) (“nfe”) announced today that it has finalized a transaction with excelerate energy, inc. (nyse: ee) (“excelerate”) to sell its assets and operations in jamaica for $1.055 billion. proceeds from the transaction will be used to reduce nfe's corporate debt and for general corporate purposes. this transaction is expected to close in the second quarter of 2025 and marks a key step in nfe's strategy to optimize its asset portfolio and.
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