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New Fortress Energy to Acquire Power Purchase Agreements and Build LNG-to-Power Project at the Suape Port in Brazil
New Fortress Energy to Acquire Power Purchase Agreements and Build LNG-to-Power Project at the Suape Port in Brazil New Fortress Energy Inc. (Nasdaq: NFE) (NFE) today announced that it has signed a Memorandum of Understanding (MOU) with Petrobras Distribuidora S.A. (BR) and CCETC Brasil Holding Ltda. (CCETC) to acquire 288MW of 15-year power purchase agreements (PPAs) and intends to develop an LNG terminal and gas-fired power plant at the Suape Port in Brazil. The Suape Port provides an ideal location for NFE to bring clean and affordable energy to a rapidly growing region of Brazil, said Wes Edens, Chairman and CEO of New Fortress Energy. Our LNG terminal and gas-fired power plant will advance the clean energy transition in the state of Pernambuco and the wider Northeast region of Brazil. Coupled with our acquisitio