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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

Rhode Island Offshore Block Island Wind Project Clears Department of Interior

LCG, November 19, 2008-The Bureau of Ocean Energy Management (BOEM) of the Department of the Interior has granted a right-of-way for the undersea transmission line that will deliver the wind-generated electricity from Deepwater Wind's 30-MW Block Island offshore project to the Rhode Island mainland.

The right-of-way extends eight nautical miles and is 200 feet wide. It is the first ever granted in federal waters for a transmission line carrying offshore wind. Last week the Rhode Island Coastal Resources Management Council unanimously authorized a submerged land lease and licenses for the part of the underground transmission that traverses state waters.

The Block Island Wind Farm will be located approximately three miles southeast of Block Island and will consist of five, 6-MW wind turbines. Power will be exported to the mainland electric grid via the bi-directional Block Island Transmission System, a submarine cable planned to make landfall at Scarborough State Beach in Narragansett, Rhode Island. From the beach area, the cable will remain buried, beneath state roads, and eventually connect with National Grid's existing electric substation in Wakefield.

National Grid will build, own and operate the 34.5kV cable, including a new substation and switchyard. A Power Purchase Agreement (PPA) has been executed with Narrangansett Electric.

Construction is expected to begin in spring 2015, with commercial operation to be achieved in 2016.
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