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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

Competitive Power Ventures Holds Groundbreaking Ceremony for the CPV Fairview Energy Center

LCG, October 27, 2017--Competitive Power Ventures (CPV), GE and Osaka Gas on Tuesday held the groundbreaking ceremony for the CPV Fairview Energy Center, a 1,050-MW, combined-cycle project located approximately 60 miles east of Pittsburgh. The electric generating station is scheduled to commence commercial operations in early 2020, and the estimated cost of the facility is a $700 million.

The CPV Fairview Energy Center will use two of GE's 7HA.02 gas turbines, a GE steam turbine, generators and additional controls equipment. The HA is GE's largest and most efficient gas turbine. GE states that the HA technology can deliver full power to the grid in less than 30 minutes. The CPV Fairview Energy Center will be unique in that it is designed to be fueled by a mix of natural gas and ethane. The facility will be built on a site that was previously used as a petroleum storage terminal and for salvage operation.

The CPV President and CEO stated, "The CPV Fairview Energy Center will help modernize the grid and improve electric reliability while reducing our environmental footprint and creating significant economic development in the region. We are grateful for our strong partnership with GE and Osaka Gas, as well as the support we have seen from state and local officials notably that of Jackson Township who has welcomed us with open arms into the community."
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