On Oct. 21, 2020, Fengate Capital Management completed the acquisition of the Freeport Energy Center from Calpine Corporation.
Located in Freeport, Texas, the Freeport Energy Center is a 260 MW natural gas-fired, combined-cycle cogeneration power plant. The plant is situated 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.
The acquisition was partially financed using non-recourse syndicated senior credit facilities secured over all of the project assets.
Davies Ward Phillips & Vineberg LLP represented Fengate with a team that included
and also acted for Fengate in connection with its acquisition financing for the transaction.
Locke Lord LLP was local counsel to Fengate with a team that included
White & Case LLP represented Calpine with a team that included
Norton Rose Fulbright LLP represented Fengate’s lenders with a team that included