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Panamint Capital has broken ground on Big Rooter Power, a 1.2 GWdc solar PV project located at the company’s Twin Oaks power station in Robertson County, Texas. The $1.7 billion project located halfway between Dallas and Houston will be the largest solar project constructed at an existing coal mining site in North America.
Read MoreQIC today announced the successful close of a US$33 million HoldCo financing to PanCentral CGC Holdings, LLC, a special purpose vehicle that owns the Cottage Grove Cogeneration and Cottage Grove Battery Energy Storage (BESS) projects. The HoldCo loan proceeds will fund the development of the Cottage Grove BESS project, an 80 MW/320 MWh battery under development in Cottage Grove, Minnesota.
Read MoreThe company has signed a 15-year tolling agreement with an Xcel subsidiary for an 80MW/320MWh BESS it is building at the location of its gas-fired cogen plant in Minnesota. KKR-backed Panamint Capital expects to bring up to 1.8GW of renewable energy and storage capacity online over the next three years by exploiting unused energy infrastructure and real estate at the sites of four operating thermal power plants it currently owns.
Read MorePanamint Capital LLC signed a 15-year tolling agreement with Xcel Energy Inc. subsidiary Northern States Power Co. for a planned battery energy storage project in Minnesota. The agreement is for Panamint Capital’s 80-MW/320-MWh Cottage Grove Storage Project in Washington County, Minnesota. The project, which is colocated with the 265-MW Cottage Grove Cogeneration facility, is scheduled to start commercial operations on June 1, 2028.
Read MoreINCLINE VILLAGE, Nev., June 5, 2025 /PRNewswire/ — Basin Electric Power Cooperative and Panamint Capital announced they have executed a 15-year tolling agreement for offtake from Cottage Grove Cogeneration. Cottage Grove is a 265-megawatt (MW) dual-fuel combined cycle gas turbine facility located in Washington County, Minnesota.
Read MoreSOLV Energy, an infrastructure services provider to the power industry, has secured contracts to construct more than 6GW of utility-scale solar and storage projects across the US. The projects, announced at the CLEANPOWER 2025 conference in Phoenix, Arizona, span Arizona, California, Mississippi, Nevada, Oregon and Texas.
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