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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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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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Industry News

AES First Choice for Oman Private Power Plant

LCG, Nov. 13, 2000--AES Corp. has emerged as the preferred company from four-way bidding to build, own and operate a 400 megawatt private power plant in the Persian Gulf sultanate of Oman, a government official said yesterday.

If talks with AES fail to produce an agreement to build the plant, which is to include a 20 million per day water desalination plant, the government would talk to the second preferred bidder, Britain's International Power, recently created in the breakup of National Power.

Two other offers fell short in the bidding for the $455 million project. They were submitted by Oman's Al Hassan Engineering and a venture between Belgium's Tractebel and TotalFinaElf.

The official said talks with AES had already begun. "We will conclude the negotiations with AES this week and expect to award the contract next month," he said.

Once negotiations for the power-desalination plant are settled, bids will be invited for water and power transmission systems and a dispatch center. These "infrastructure" items are expected to cost between $100 million and $180 million.

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