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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 and MidAmerican Complete the 290-MW Agua Caliente Solar PV Project in Arizona

LCG, April 30, 2014-NRG Energy, Inc. (NRG), through its wholly-owned subsidiary NRG Solar, and its partner MidAmerican Solar yesterday announced they have achieved substantial completion of the Agua Caliente Solar Photovoltaic Facility, a 290 MW photovoltaic (PV) facility in Arizona. Pacific Gas & Electric Company (PG&E) contracted to receive the power generated by the facility under a 25-year power purchase agreement (PPA).

NRG Solar's president stated, "Large-scale utility accomplishments, like our Agua Caliente project, raise the bar in terms of our clean-energy technology and production. Proving that we can build both the world?s largest solar thermal and now one of the world?s largest solar photovoltaic facilities advance NRG?s mission to reshape the energy landscape that is incredibly beneficial to both the economy and in how we produce and consume energy. Whether it?s partnering, developing or investing, NRG will lead the way in providing a diverse set of solutions and technologies to get the US to the ultimate goal of providing affordable, reliable clean energy for everyone."

The Agua Caliente Solar Photovoltaic Facility site includes 2,400 acres of land located approximately 65 miles east of Yuma, Arizona. Agua Caliente is one of the first PV plants of this capacity to be connected to a 500kV transmission line. The project was designed and built by First Solar, Inc. using its advanced thin-film cadmium-telluride (CdTe) PV modules. FirstSolar will also operate and maintain the facility for NRG and MidAmerican Solar.

The project received a $967 million loan guarantee from the US Department of Energy?s Loan Programs Office.
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