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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

Mirant to Buy Korean Power Firm, Build Plant

LCG, Dec. 5, 2001--Mirant Corp. of the U.S. said yesterday it plans to acquire Hyundai Energy Company Ltd. and build a 520 megawatt, combined-cycle power plant in southern Korea.

Mirant said the permits and land necessary for the development are already in place and the site has expansion potential for another 1,000 megawatts.

"Our entry into the Korean market marks another step in executing our Asian strategy and moves us closer to achieving our goal of 10,000 megawatts in Asia by 2005," said Rick Keuster, chief executive of Mirant's Asia business group. "As Korea continues its deregulation into the gas sector, we see opportunities to integrate the (Hyundai) project into our global LNG strategy."

The plant site is located in the Yulchon Industrial Complex, a 2,278-acre complex in Cholla province. Construction is expected to be begin in the latter half of next year, with simple cycle operations beginning in the third quarter of 2004. The plants output will be sold to Korea Electric Power Co.

"Korea is a fairly large market, with a growing demand for electricity (and) has all the right ingredients for a strong country-based business," Keuster said. "Through our announced initiatives, we broaden our regional presence, gain technical experience, and position ourselves for the future privatization of the Korean power sector."

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