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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

Italy’s Enel to Build 920 Megawatt Plant for Dubai

LCG, July 20, 2000--Italys largest power company, looking abroad following liberalization of the Italian electricity market ended its monopoly at home, has won a contract worth about 1.2 trillion lire ($574,200,000 U.S.) to build a combination combined cycle power plant and desalination plant in Dubai.

The Enelpower subsidiary of Enel SpA will build a 920 megawatt power plant in Jebel Ali at a cost of 800 billion lire ($382,000) and Fisia Italimpianti, a unit of Italys Impreglio SpA, will build at the same location a desalination facility for around 400 billion lire ($191.000).

Enel said the combination power and desalination plant was the largest ever in the United Arab Emirates. The contracts were awarded by the Dubai Electricity and Water Authority.

Luigi Giuffrida, Enelpowers managing director, said "The contract marks a further success for the company's overseas expansion strategy, and confirms Enelpower's competitiveness, even in countries, like Dubai, that require the use of advanced technology."

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