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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

NRG Solar and SunPower Execute Agreements for 250-MW California Solar Project

LCG, December 1, 2010--NRG Solar, a subsidiary of NRG Energy, Inc., and SunPower Corp. yesterday announced that they have executed agreements to begin construction in 2011 of the 250-MW California Valley Solar Ranch, located in San Luis Obispo County.

With the new agreements, SunPower will continue to develop the California Valley Solar Ranch project. SunPower will also design, construct and operate the solar PV facility, which will employ SunPower's proprietary Tracker system to improve energy capture. Project construction is scheduled to begin in the second half of 2011. The project will commence operations in three phases, with the initial phase on line by the end of 2011. The second and third phases will begin delivering power to the grid in 2012 and 2013, respectively.

NRG will assume all ownership and financing responsibilities. NRG Solar plans to invest up to $450 million in the project over the next four years, and a loan guarantee from the U.S. Department of Energy's (DOE) Loan Guarantee Program Office is being pursued.

Pacific Gas & Electric (PG&E) signed a 25-year power purchase agreement (PPA) for the output from the project in August 2008, and the PPA was approved by the California Public Utilities Commission (CPUC).
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