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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

Hawaii Poised to Become First State with 100 Percent Renewables Goal by 2045

LCG, May 12, 2015-The State of Hawaii is poised to become the first state in the country to pass legislation to set achieve a one hundred percent renewable energy portfolio standard by 2045. The legislation, House Bill 623, passed last week and now awaits the governor's signature.

House Bill 623 will increase the goal to 30 percent renewable by the end of 2020, 70 percent by the end of 2040 and 100 percent by the end of 2045. The current renewable portfolio standards call for 25 percent by the end of 2020 and 40 percent clean energy by the end of 2030.

"As the first state to move toward 100 percent renewable energy, Hawaii is proving to the rest of the country that renewable energy can be cheaper, cleaner and can help consumers to cut their electric bills down to near-zero," said the state representative that introduced the bill. "These big steps forward will accelerate the savings consumers are seeing around the state and will speed the growth of jobs in our local renewable energy industry."

The state representative claimed that local renewable projects are already cheaper than liquefied natural gas (LNG) and oil, and that Hawaii's past accomplishments in adding renewable energy has saved residents hundreds of millions on their electric bills.
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