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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

CPUC Approves PG&E's Solar Power Contracts

LCG, August 21, 2009--The California Public Utilities Commission (CPUC) yesterday approved two, 25-year power purchase agreements (PPAs) between Pacific Gas and Electric Company (PG&E) and BrightSource Energy for power generated at two solar-thermal stations planned in California.

BrightSource Energy uses a solar thermal design that employs thousands of mirrors that track the sun and reflect the light to a boiler raised on a tower. The concentrated energy creates superheated steam, which is piped to a traditional steam turbine-generator set.

The initial project is the Ivanpah Solar Power Complex, located approximately 50 miles northwest of Needles, California in the Mojave Desert. The 110-MW solar facility is scheduled to commence operations by July 2012.

A second, 200-MW solar-thermal station is scheduled to begin operations by July 2013.

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities like PG&E to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year, with a 20 percent renewables target by the end of 2010 and a 33 percent target by the end of 2020.
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