Fengate acquires remaining stake in 440-megawatt Texas cogeneration asset

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentHOUSTON, Dec. 15, 2025 (GLOBE NEWSWIRE) — 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.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentFengate acquired 50% interest in FPL in November 2024 under the firm’s strategic operating partnership with asset manager Ironclad Energy. The additional investment increases the partnership’s interest in FPL to 100%.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentThe facility is located near the Freeport Energy Center, a 260-megawatt cogeneration facility owned and managed by Fengate.Article contentArticle content“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.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content“We are thrilled to increase our FPL investment alongside Fengate, and we look forward to continuing our partnership to bring reliability, efficiency, and affordability to the industrial sector,” said Christopher Fanella, President and CFO of Ironclad Energy.Article contentFengate is managing this investment on behalf of Fengate Infrastructure Fund IV and its affiliated entities, including an investment by the LiUNA Pension Fund of Central and Eastern Canada.Article contentAbout FengateArticle contentFengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $10 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com.Article contentMedia ContactArticle contentMaddison SharplesVice President, Communications and MarketingFengate Asset Management+1 416-254-3326Maddison.Sharples@fengate.comArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate The Federal Reserve’s rate cut was a clear signal to investors Investor Subscriber only. 'A difficult job, but we'll get there': How Immigration Minister Lena Diab is pushing for balance on one of Ottawa's most delicate files Subscriber only News Charles St-Arnaud: Canada must stop relying on consumers and focus on production to boost the economy Economy Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Garry Marr: How raiding your TFSA before the end of year could save you thousands Personal Finance 'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated Real Estate The Federal Reserve’s rate cut was a clear signal to investors Investor Subscriber only. 'A difficult job, but we'll get there': How Immigration Minister Lena Diab is pushing for balance on one of Ottawa's most delicate files Subscriber only News Charles St-Arnaud: Canada must stop relying on consumers and focus on production to boost the economy Economy