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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

Maryland Selects Constellation Energy for Solar PV Project

LCG, December 9, 2009--The State of Maryland selected Constellation Energy to develop a 15.9 MW DC solar photovoltaic (PV) facility under the state's Generating Clean Horizons initiative. The power generated from the facility will be purchased by the state under a 20-year, power purchase agreement (PPA). The project is scheduled for completion by December 2012.

Constellation Energy will build, own and operate the facility, which will be developed on approximately 100 acres of land leased from Mount St. Mary's University in Emmitsburg, Maryland. The project will employ thin-film, solar PV panels and will represent the majority of a $60 million, 17.1 MW DC solar facility. The PPA also calls for Mount St. Mary's University to purchase 1.2 MW of electric capacity from the system.

In February 2009, Governor Martin O'Malley, in partnership with the University of Maryland, announced "Generating Clean Horizons" to incent the development of large-scale, renewable energy projects in Maryland and issued a request for proposals (RFP) offering long-term PPA's to renewable energy developers.

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