The Texas Energy Fund is now supporting over 3.5 GW of new generation across six different projects in the Lone Star State.
NRG Energy just received the latest loan for a 455 MW gas plant near Houston. The facility will be operational in 2028 and is being built at the existing Greens Bayou Generating Station.
This is the third NRG project to receive a low interest loan from the Texas Energy Fund, which has now supported $1.15 billion and 1.5 GW for NRG alone.
Right now, the Texas Energy Fund is reviewing an additional 5.4 GW of potential capacity from 11 different applications.
Making new generation more affordable means getting it up and running more quickly. As electricity demand continues to explode in Texas and across the country, we need more rapid access to reliable power.
