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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

AES Gets Go-ahead for White Nile Hydro Facility

LCG, Dec. 21, 2001--AES Corp. announced today that the Uganda government has granted its AES Nile Power subsidiary final approval to begin the construction of a $550 million, 200 megawatt hydroelectric facility on the Nile River at a site about 6 miles north of Lake Victoria.

The AES unit will own, operate and construct the hydroelectric facility and related transmission lines and two substations. A local partner, Madhvani International, will take a minority interest in the business. The facility will take about four years to complete.

Power will be sold under a 30-year power purchase agreement to the government-owned Uganda Electricity Board and its successor once the UEB is privatized. The government of Uganda has guaranteed payment under the agreement.

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