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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

CPS Energy Forges Ahead with Western Ranch Solar Project

LCG, June 24, 2009--CPS Energy announced Monday that it executed a 20-year power purchase agreement (PPA) with Tessera Solar for the electricity generated from the 27-MW, Western Ranch Solar Project to be constructed in western Texas. The project will employ the SunCatcher power system designed and manufactured by Stirling Energy Systems (SES), an affiliate of Tessera Solar.

The SunCatcher power system consists of a parabolic dish of mirrors - spanning 40 feet across - that reflects the energy of the sun onto a receiver called a power conversion unit (PCU). The solar energy heats hydrogen gas in tubes in the PCU, and the gas passes through a heat exchanger to run a four-cylinder Stirling engine, which drives a generator to produce power.

The project will include 1,080 SunCatcher dishes, which have recently been redesigned to lower costs and ease maintenance. Construction on the project is scheduled to begin next summer, with the first units planned to commence operations by the end of 2010. The project generating capacity can be increased to 130 MW.

CPS Energy provides electric service to approximately 695,000 electric customers in and around San Antonio. Western Ranch Solar represents a big step by CPS Energy towards its commitment to develop 100 MW of solar resources and to meet 20 percent of its customers? peak electrical demand by 2020.
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