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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

Duke Breaks Ground on Pisgah Ridge Solar Project

LCG, November 1, 2021--Duke Energy Sustainable Solutions announced last week that it has broken ground on the 250-MW Pisgah Ridge Solar project, located southeast of Dallas-Fort Worth, Texas. The project is the company’s largest solar project in Texas to date.

Duke will own and operate the Pisgah Ridge Solar project, and engineering and construction will be undertaken by Moss. The project is scheduled to commence operations by the end of 2022.

Charles River Laboratories, a pharmaceutical company, has signed a virtual power purchase agreement (VPPA) for 102 MW of the project over 15 years. Two other unnamed corporations have signed separate 15-year VPPA’s for the remaining solar capacity. The VPPA’s were announced last June.

Duke Energy Sustainable Solutions now operates nearly 1,500 MW of wind, 500 MW of solar and a 36 MW battery storage facility in Texas.
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