New Fortress Energy Inc. was disqualified from the bidding process for an 800-megawatt temporary power generation contract in Puerto Rico. The company's bid was declared 'non-conforming' by the authorities.
This disqualification represents a lost opportunity for New Fortress Energy to secure a significant contract in a market where it has substantial existing operations and strategic interests. The 800-megawatt project was a notable opportunity for expansion.
The exclusion from this auction could raise questions about the company's competitive positioning or its ability to meet specific tender requirements in key regions. It impacts the potential for future revenue growth in Puerto Rico.
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