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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

Cape Wind Offshore Project Receives Approval of PPA

LCG, November 27, 2012--Wind farm developer Cape Wind announced Monday that the Massachusetts Department of Public Utilities (DPU) approved its 15-year power purchase agreement (PPA) with NSTAR, an operating company of Northeast Utilities, to purchase the energy, capacity and renewable energy credits from the proposed Cape Wind project.

The 468-MW Cape Wind project will include 130, 3.6-MW wind turbines located in Nantucket Sound, Massachusetts. The offshore wind farm will connect to the power grid via a 66.5-mile, buried submarine transmission cable system. The project developer has pursued government approval since 2001 and completed State and local permitting in 2009.

The newly approved, 15-year PPA with NSTAR covers 27.5 percent of Cape Wind's power. A year ago, the Massachusetts Supreme Judicial Court upheld the DPU's approval of Cape Wind's PPA with National Grid for 50 percent of Cape Wind?s power. Cape Wind?s financial advisor stated, "Taken together, these two PPAs provide Cape Wind with the critical mass to continue securing project financing."

Cape Wind expects to start construction of the wind farm in 2013 with some of the turbines in service in 2015.
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