Fengate Asset Management completed the acquisition of the remaining 50% stake in Freeport Power.

Fengate Asset Management, an alternative investment manager focused on infrastructure, private equity and real estate, completed the acquisition of the remaining 50% stake in Freeport Power, a company which operates a natural-gas-fired cogeneration facility. Financial terms were not disclosed. "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," Greg Calhoun, Fengate Managing Director and Head of Energy Transition.