Baker Botts Represents Fengate Asset Management in Acquisition of Interest in Texas Cogeneration Facility
HOUSTON, TX, December 16, 2024 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, is proud to represent Fengate Asset Management (“Fengate”) in its acquisition of a 50% interest in Freeport Power Limited (“FPL”), owner of a 440-megawatt cogeneration facility in Freeport, Texas which provides reliable and cost-effective power and steam to Dow’s Freeport site, the largest chemical manufacturing complex in the Western Hemisphere.
FPL is Fengate’s second cogeneration facility in Texas and the firm’s second investment under its strategic operating partnership with energy generation investor and asset manager, Ironclad Energy.
The acquisition by Fengate further underscores the firm’s commitment to provide reliable and efficient energy solutions with strong industrial partners like Dow.
Fengate’s press release can be found here.
Baker Botts Lawyers/Office Involved:
Global Projects: Rebecca Seidl Inglesby (Partner, Houston); Ryan Norfolk (Partner, Washington, DC); Gabbi Feldman (Associate, Houston); Regan Vicknair (Associate, Houston)
Tax: Jon Lobb (Partner, Houston); Matt Larsen (Partner, Dallas); Katie McEvilly (Senior Associate, Houston)
Corporate: Caitlin Lawrence (Partner, Houston); Grace Matthews (Senior Associate, Austin); Michael Donnellan (Associate, Houston); Adrienne Murr (Associate, Houston)
Environmental: Elizabeth Singleton (Special Counsel, Houston)
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