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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

Slovakia to Sell Off 49 PercentOf Russia-West Europe Pipeline

LCG, Aug. 31, 2001--The Republic of Slovakia yesterday offered for sale a 49 percent interest in the country's natural gas monopoly, Slovensky Plynarensky Priemysel, or SPP, in what may be the largest energy sector privatization in Europe this year.

Whoever controls SPP controls the Slovak section of the natural gas pipeline linking Russia and Western Europe, which carries 80 percent of Russian gas to the West. While the Slovak government will retain a 51 percent stake in the business, it is offering operating control to the purchaser of the balance.

Slovak sources said the sale could net the government about $3 billion. SPP earned about $92 million last year on revenues of some $2.5 billion. Gas transportation revenues, about half of the total, have been kept low for political reasons.

Two consortia have already expressed interest in the sale. One is a combination of Ruhrgas of Germany, Gaz de France and Snam of Italy and the other is RWE and Wintershall of Germany. Gazprom of Russia and Eon of Germany are expected to toss their hats into the ring.

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