The Star
Summary
Fengate Asset Management (Fengate) today announced it has acquired the remaining equity interest in Freeport Power Limited (FPL), which owns a 440-megawatt cogeneration facility in Texas.
“At a time of an increasing grid supply-demand imbalance, our two facilities continue to provide reliable and cost-effective power and steam to Dow’s Freeport site, the largest integrated chemical manufacturing complex in the Western Hemisphere,” said Greg Calhoun, Managing Director and Head of Energy Transition at Fengate.
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