New Fortress Energy Inc. announced on January 22, 2025, the execution of a 20-year gas supply agreement (GSA) with Energiza. This agreement will provide natural gas to a new 478 MW combined-cycle power plant being developed in San Juan, Puerto Rico.
The new power plant, located adjacent to New Fortress Energy’s existing San Juan LNG import terminal, is expected to commence operations in 2028. This marks the first power plant constructed in Puerto Rico since 1995, highlighting its significance for the island's energy infrastructure.
This long-term partnership is expected to deliver a much-needed cleaner, reliable, and efficient power source to enhance Puerto Rico’s aging power system. The GSA provides New Fortress Energy with a stable, long-duration revenue stream and reinforces its commitment to strengthening Puerto Rico's energy security.
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