Wes Edens’ Steadfast Dedication to Transforming the Energy Sector
New Fortress Energy is intrigued with the prospects of acquiring Golar LNG Partners and Hygo Energy Transition Ltd. Wes Edens, Chief Executive Officer of NFE, presumes that the investment highlights significant contributions to his company. First, the investment highlights the scale of New Fortress Energy to carve a niche in Brazil as a leading gas-to-power company. Furthermore, the investment is foreseen to accelerate NFE’s significant growth. The NFE’s chairman, Wes Edens, maintains that the acquisition of GMLP and Hygo will swiftly expand the world’s energy transition and expand the company’s footprint in South America. The merge of these excellent portfolio assets brings forth a fully integrated approach towards fulfilling NFE’s goal.
Moreover, Tor Olav Troim, Golar LNG Chairman, holds that the two companies’ partnership will give NFE fundamental access to capital. With the partnership of Hygo, NFE is projected to acquire an operating and unique floating storage and regasification unit terminal. New Fortress Energy will also acquire a significant owner of LNG and FSRUs carriers. NFE is likely to acquire significant shares of Hygo for about 31.4 million shares. This transaction is valued at $2.18 billion equity value and $3.1 billion enterprise value. According to the acquisition, GLNG is likely to garner 18.6 million New Fortress Energy Class A common stock shares. Stonedpeak and GLNG, shareholders of Hygo together with Hygo’s Board of Directors, have amicably approved the proposed deal with New Fortress Energy.
Nevertheless, New Fortress Investment is fascinated with the notion of acquiring GMLP’s general partner for a significant transaction. The support agreement between NFE and GLNG will bring forth forward-thinking statements and the rise of the company. New Fortress Energy is renowned as a global energy infrastructure firm spearheaded by Wes Edens. The company funds operate and build natural gas logistics and infrastructure to deliver turnkey and fully integrated energy solutions swiftly. Under Wes Edens’s leadership, the company aims at transforming local communities and industries by producing clean energy.