Calpine acquires 550 MW natural gas plant in Texas

Sean Wolfe | Source: Power + Grid | Posted 10/03/2024

After seeing positive market signals in Texas, Calpine began redevelopment efforts in the Lonestar State last year. The company is reportedly on track to add over 1,000 MW of generation to its Texas fleet over the next few years.

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Calpine has acquired the 550 MW Quail Run Energy Center natural gas-fired plant in Odessa, Texas, from Lotus Infrastructure Partners. The facility, which began operations in 2007, sells power to the Electric Reliability Council of Texas (ERCOT).

Calpine has been strategically expanding its power generation assets, with plans to add over 1,000 MW of generation capacity in Texas in the coming years. The company also aims to explore new locations for generation capacity in Ohio and Pennsylvania, in response to rising energy prices within PJM Interconnection, the largest grid operator in the U.S. Additionally, Calpine is involved in carbon capture demonstrations at its Baytown and Sutter Energy Centers.

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Source Link: https://www.power-eng.com/gas/calpine-acquires-550-mw-natural-gas-plant-in-texas/

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Calpine acquires 550 MW natural gas plant in Texas

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