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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

SunEdison Closes on 300-MW Wind Farm in Texas

LCG, August 6, 2015-SunEdison, Inc. yesterday announced that it has closed financing and commenced construction on the 300-MW South Plains II wind farm in Texas. Citi provided the construction loan facilities for the project and BHE Renewables, a subsidiary of Berkshire Hathaway Energy, in partnership with Citi, will invest in the tax equity. Hewlett-Packard plans to purchase 112 MW of the capacity to power 100 percent of its Texas-based data centers as part of the company's sustainable cloud initiative. An affiliate of Citi will purchase the remaining 188 MW capacity.

The South Plains II project, located in Floyd County, will use wind turbines supplied by Vestas. The project is scheduled to be completed in 2016. Operation and maintenance will be performed by SunEdison Services. Upon completion, TerraForm Power anticipates acquiring the project, which is forecast to generate approximately 1,200 gigawatt-hours of energy each year.

The president of BHE Wind, a division of BHE Renewables, stated, "Our company has been a leader in wind project development and ownership. As we look for new ways to be involved in developing renewable generation, we see tremendous opportunity to move the industry forward through investment in the tax equity market."
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