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Greenflash Infrastructure Closes Transaction for ERCOT's Largest Battery Storage Project Under Construction

LCG, October 7, 2025--Greenflash Infrastructure, L.P. ("Greenflash") today announced that it has successfully closed a hybrid tax capital and debt financing for Project Soho - a 400MW / 800MWh standalone battery storage project in Texas.

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FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

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Industry News

SWEPCO Announces $2.2 Billion Investment in Wind and Solar Projects

LCG, June 2, 2022--Southwestern Electric Power Company (SWEPCO), a subsidiary of American Electric Power (AEP), announced earlier this week plans to acquire three renewable energy projects with a combined capacity of 999 MW. The projects represent a $2.2 billion investment in carbon-free, electric generation resources that are expected to commence operations by the end of 2025.

SWEPCO plans to issue another request for proposal (RFP) in the near term for additional renewable energy consistent with the company's integrated resource plan (IRP) for its energy and capacity needs.

AEP’s chairman, president and chief executive officer stated, “This investment is another key step in SWEPCO's efforts to secure renewable, affordable energy and achieve a more balanced fuel mix. AEP remains focused on adding approximately 16 gigawatts of regulated renewables to our generation portfolio by 2030 and reaching net-zero carbon emissions by 2050.”

SWEPCO is seeking approval from regulators in Arkansas, Louisiana and Texas to acquire the 200-MW Mooringsport solar project in Caddo Parish, Louisiana; the 200.6-MW Diversion wind project in Baylor County, Texas; and the 598.4-MW Wagon Wheel wind project spanning Logan, Garfield and Noble counties in Oklahoma. AEP will file with the Federal Energy Regulatory Commission (FERC) for approval to transfer the projects from Invenergy following state regulatory approvals.

Invenergy is developing the three projects. Diversion is expected to reach commercial operation in December 2024, and Mooringsport and Wagon Wheel are expected to come online in December 2025.

SWEPCO's long-term plan calls for more than one-third of its Southwest Power Pool (SPP) accredited capacity to be satisfied with wind and solar resources. In February, SWEPCO announced plans to add 72.5 MW of solar energy through a power purchase agreement with the proposed Rocking R Solar project in northwest Louisiana.

SWEPCO and its affiliate, Public Service Company of Oklahoma (PSO), also own and operate the 1,484-MW North Central Energy Facilities in north central Oklahoma. The project includes 199-MW Sundance, 287-MW Maverick and 998-MW Traverse wind projects and is one of the largest wind facilities in the world.
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