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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

Offshore Wind Farms Planned for Texas

LCG, October 4, 2007--The Texas General Land Office (GLO) on Tuesday announced that it had awarded the first four competitively bid leases for offshore wind power in the nation's history. The leases were awarded to Wind Energy Systems Technology, LLC (W.E.S.T.). Given positive results from planned meteorological testing, W.E.S.T. could install wind farms that would generate a minimum of 250 MW to 300 MW per lease. The state hopes to collect for its Permanent School Fund over $400 million over the 30-year lease period.

The offshore wind energy tracts are located near Jefferson, Calhoun, Brazoria and Cameron
counties and total 73,098 acres in size.

W.E.S.T. was the sole bidder and is currently developing a wind project eight miles off of the coast near Galveston, Texas.
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