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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

Shell Buys Out Partners in Renewable Venture

LCG, Jan. 23, 2002--The renewable energy firm Siemens und Shell Solar, a partnership between oil major Royal Dutch/Shell, the electronics firm Siemens, and the energy firm Eon, will be owned solely by Royal Dutch/Shell, following a buyout.

"Shell has a strategic commitment to making renewable energy a commercial reality, and this move is a key step in building a strong, global solar business," said Philippe de Renzy-Martin, the future executive vice-president of the resulting company.

An analyst speaking to the Financial Times said that he thought the reason for investment in renewable energy was "to appease governments and their customers. However, the research and development put into this may yield big gains in time."

Siemens und Shell Solar dates to April 2001. Royal Dutch/Shell last year said that, depending upon economic considerations, it intended to invest $500 million to $1 billion in energy sources such as solar, wind, hydrogen and geothermal over a span of five years. The deal, for which a price was not disclosed, will give Royal Dutch/Shell approximately 15 percent of the global photovoltaic market.

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