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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

Biomass Fuel Supply Agreement Completed for 100-MW Project in Florida

LCG, January 19, 2011-A biomass fuel supply agreement was finalized for the Gainesville Renewable Energy Center (GREC), a 100-MW power project planned for North Florida under development by American Renewables. Under the agreement, Rayonier, an international forest products company based in Florida, will supply logging residues, forest thinnings and other woody waste materials to the project.

Gainesville Regional Utilities will receive the power generated from the project under a 30-year, power purchase agreement (PPA). The project is scheduled to commence operations in late 2013.

The GREC project is planned for a site adjacent to an existing coal-fired power plant located approximately eight miles northwest of downtown Gainesville. The GREC design incorporates a bubbling fluidized bed (BFB) boiler.

A number of other biomass power projects across the Nation have stalled due to rules issued by the Environmental Protection Agency (EPA) last year. First, the EPA called into question whether or not power plants burning biomass are carbon neutral, placing new risk on biomass power plants for carbon emissions. Second, the EPA's proposed Industrial Boiler MACT rule created additional problems for biomass power producers last year by setting emission limits that will be difficult if not impossible to achieve with existing technology. In response to a wave of opposition to the Industrial Boiler MACT rule, the EPA requested last December additional time to develop the rule from the Federal Court, and a ruling on the extension is expected by the end of this week.
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