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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

Indonesians and Americans Battle over Indonesian Power Projects

LCG, April 3, 2002-Indonesian national oil and gas company Pertamina is fighting U.S. investors over $261 million regarding a suspended geothermal project.

During the Asian financial crisis a few years ago, several Indonesian power projects were suspended, including the West Java Karaha Bodas geothermal plant.

When plans to build the plant were cancelled, Kahara filed claims to retrieve its investment money from Pertamina. A Swiss arbitration panel ruled that Pertamina pay $261 million to Kahara, whose principal investors are FPL Energy LLC and Caithness Energy LLC, both U.S. companies.

However, a Central Jakarta district court ruled otherwise, and Pertamina insists that since the payment must be made in Indonesia and the Indonesian law refutes the Kahara claim, the Indonesian company has won after all.

$130 million of Pertamina's funds have been frozen, and the Indonesian ruling's impact on U.S proceedings has yet to be determined.

Several other legal disagreements relevant to energy investments are ongoing in Indonesia, the world's fourth most populated country.

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