Excelerate Energy to Acquire New Fortress Energy's Jamaica Operations

Excelerate Energy Inc. (EE) has entered into an agreement to purchase New Fortress Energy Inc.'s (NFE) assets and operations in Jamaica. The deal will be financed entirely in cash for a total consideration of $1.055 billion and is anticipated to conclude by the June quarter of 2025. New Fortress Energy entered the Jamaican energy market in 2016, and since then it has driven a shift in the country's energy landscape from oil-based fuels toward a low-carbon, cleaner energy resources. The company has collabora ...