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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

PG&E Executes Agreement for Solar Power from 177-MW Thermal Plant

LCG, November 6, 2007--Pacific Gas and Electric Company (PG&E) yesterday announced a power purchase agreement with Ausra, Inc. for the electric output from a 177-MW solar thermal power project proposed in central California in San Luis Obispo County. The project is planned to be operational in 2010.

The project will incorporate Ausra's Compact Linear Fresnel Reflector (CLFR) solar technology designed to use the sun's energy to boil water at high temperatures to power steam turbine generators, similar to traditional fossil-fuel power plants - but without air or water emissions. According to Ausra, a CLFR collector reflects and concentrates sunlight on an elevated absorber to roughly 30 times the intensity of sunshine at the earth?s surface.

The solar collector footprint for the project will require about one square mile (640 acres) of land. Ausra filed an Application for Certification for this plant with the California Energy Commission, from which approval is required prior to construction.

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year, with a 20 percent renewables target by the end of 2010 and a 33 percent target by the end of 2020.

Ausra is a privately held, California-based company funded by Khosla Ventures and Kleiner, Perkins, Caufield & Byers.
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