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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

Government to Make 'Green' Power Mandatory

LCG, Oct. 5, 2000Stephen Byers, the British secretary for trade and industry, was expected to tell electric companies in the United Kingdom today that they must increase their use of renewable energy sources by almost seven times within 10 years or face stiff fines.

About 3 percent of Britain's power can currently be said to be from so-called renewable sources, and half of that comes from large hydroelectric facilities, which would be excluded under Byers' manifesto.

The proposals would require that the companies increase the portion of their power portfolios represented by wind power, solar energy, landfill gas and small hydro facilities of less than 10 megawatts from a national average of 1.5 percent to 10 percent by the year 2010.

Half of that goal would have to be reached by 2005.

Byers plan, which would replace a modest existing non-fossil obligation, would include a certificate trading mechanism under which companies with a surplus of green generation could sell credits to those with a shortage.

Electricity suppliers unwilling to meet Byers' goals would pay a penalty of 3 pence (about 4 cents U.S.) per kilowatt-hour.

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