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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

Army Corps Issues Permit for Cape Wind Project

LCG, January 7, 2011--The U.S. Army Corps of Engineers made its determination Wednesday to issue a Corps permit for the Cape Wind, LLC wind energy facility proposal to install wind turbines in Nantucket Sound, Massachusetts. The project developer has pursued government approval since 2001 and completed State and local permitting in 2009.

The 468-MW, Cape Wind Project will include 130, 3.6-MW wind turbines and will connect to the power grid via a 66.5-mile, buried submarine transmission cable system. Cape Wind, LLC has contracted with Siemens for the wind turbines, and Siemens may help finance the construction of the project. A Siemens spokesperson recently stated, "We have been in discussions to help finance debt and equity....We'd be willing to be a part if it's required."

The project developer plans to commence construction by the end of 2011 and to start delivering power to the grid by early 2013.

The U.S. Environmental Protection Agency (EPA) must still issue a permit for air emissions during construction.
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