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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 Closing Merchant Business Unit

LCG, Mar. 7, 2003--Duke Energy will sell off assets and discontinue new financing arrangements through its Duke Capital Partners unit, which provided capital financing and advisory services to merchant energy developers.

Duke Capital Partners operations have been conducted through offices in Charlotte, N.C., and Houston, and currently employ 30 people. Richard Osborne, Duke Energy's executive vice president and chief risk officer said, "Duke Capital Partners built a sound portfolio of quality assets in its three years of operations. However, the energy industry has changed tremendously in that time."

The unit, which started assisting clients in North America with debt and equity financing in 2000, will sell approximately $350 million worth of assets over two years.
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