Morningstar
Summary
Fengate Asset Management (Fengate) is pleased to announce financial close on the acquisition of a 50% interest in Freeport Power Limited (FPL), owner of a 440-megawatt cogeneration facility in Texas.
FPL is located near the Freeport Energy Center, a 260-megawatt cogeneration facility owned and managed by Fengate. The two facilities play an integral role in providing reliable and cost-effective power and steam to Dow’s Freeport site, the largest integrated chemical manufacturing complex in the Western Hemisphere.
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