# Fengate acquires 50% stake in 440-MW Texas cogeneration facility

Fengate Asset Management acquired a 50% interest in Freeport Power Limited, owner of a 440-megawatt cogeneration facility in Texas. The facility provides power and steam to Dow's Freeport chemical complex.

- Type: Acquisition
- Announced: 2024-12-16
- Where: Freeport, Texas, United States
- Status: completed
- Capacity: 440 MW
- Products: cogeneration (power and steam)
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Dow](https://endata.com/companies/2996.md) (customer)
- [Fengate Asset Management](https://endata.com/companies/74522.md) (acquirer)
- [Ironclad Energy](https://endata.com/companies/74523.md) (partner)
- [Freeport Power Limited](https://endata.com/companies/81780.md) (target)

## Sources

- [streetinsider.com](https://www.streetinsider.com/Globe+Newswire/Fengate+acquires+significant+stake+in+440-megawatt+Texas+cogeneration+asset/24107977.html), 2024-12-16: "We are thrilled to have closed this acquisition, which aligns with our strategy of acquiring behind-the-meter cogeneration projects with strong industrial partners like Dow."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.