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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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FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

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Industry News

Construction Begins on 150-MW Solar PV Project in Southern California

LCG, September 20, 2013--First Solar, Inc. announced Wednesday that construction has commenced on the 150-MW Solar Gen 2 project, located in Imperial County, California. The project is scheduled to be complete by July 2014.

San Diego Gas & Electric (SDG&E) will receive the power generated from the facility under a 25-year power purchase agreement (PPA).

The Solar Gen 2 project design calls for the installation of solar photovoltaic (PV) modules mounted on a tracking system that follows the sun across the sky to maximize power generation.

First Solar purchased the Solar Gen 2 project last April from Energy Power Partners, an affiliate of The Goldman Sachs Group, Inc.

California?s Renewable Portfolio Standard (RPS) was originally established by legislation in 2002, and subsequent amendments have led to the requirement for California?s electric utilities to have 33 percent of their retail sales served by eligible renewable energy resources in 2020 and all subsequent years. Interim targets for the utilities are 20 percent of retail sales by December 31, 2013, and 25 percent by December 31, 2016.
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