Fengate achieves financial close on 260 MW Freeport Energy Center acquisition

Fengate Asset Management (Fengate), on behalf of their investors, has achieved financial close on the acquisition of the Freeport Energy Center from Calpine Corporation (Calpine).

Freeport Energy Center is a 260 MW natural gas-fired, combined-cycle cogeneration power plant located in Freeport, Texas. The facility has been operational since 2007 and is located inside Dow Inc.'s Texas Operations industrial park, which is the largest integrated chemical manufacturing complex in the western hemisphere. The Freeport Energy Center provides essential utility services, steam, and power to the complex.