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RELEASES

Basin Electric Power Cooperative and Panamint Capital Sign Long-Term Tolling Agreement for Offtake from Cottage Grove Cogeneration

INCLINE 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. 

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Ultra Capital and Panamint Capital Complete $165.9 Million Refinancing for Cottage Grove Cogeneration

On May 2, 2025, LSP-Cottage Grove, L.P., successfully closed a $165.9 million refinancing for the Cottage Grove Cogeneration facility, a 265 MW combined-cycle gas turbine (CCGT) plant located in MISO Zone 1. The recapitalization was executed via an issuance of $125.9 million in senior secured notes and a $40 million letter of credit facility

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SOLV Energy secures 6GW solar projects across US

SOLV 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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Panamint Capital Donates Funds to the Public Safety Board

Fresh off adopting the agenda Dec. 4, the Cottage Grove City Council saw a presentation from the Public Safety Board. A non-profit citizens board that works with the city's public safety department through the police liaison officer and fire chief, the Public Safety Commission works to help promote the partnership between the department and citizens to ensure a safe community.

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IHI Power Services Corp. Signs Deal With Sunnyside Cogeneration Associates

ALISO VIEJO, Calif. & SUNNYSIDE, Utah--(BUSINESS WIRE)--IHI Power Services Corp. (IPSC), a leading owner and operator of power plants across the U.S., today announced it has teamed up with Sunnyside Cogeneration Associates (SCA) to provide operations and maintenance (O&M) and asset management services for Sunnyside Power Plant, a waste coal-fired power generation facility in Carbon County, Utah. This prominent addition to IPSC's burgeoning portfolio emphasizes the company's commitment to shaping the landscape of sustainable energy solutions.

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Panamint Capital Purchases Interest in Mesquite Generation Holdings LLC

Houlihan Lokey is pleased to announce the sale of 100% interest in Mesquite Generation Holdings LLC (Mesquite), a 1.1 GW portfolio of thermal power assets in Texas, from Atlas Holdings LLC (Atlas) to Hull Street Energy LLC (Hull Street) and Panamint Capital LLC (Panamint).

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IHI Power Services Corp. Awarded Third-Party O&M Agreement With Panamint Capital

ALISO VIEJO, Calif.--(BUSINESS WIRE)--IHI Power Services Corp. (IPSC), a leading owner and operator of power plants across the U.S., today announced it has entered into a third-party operations and management (O&M) service agreement with San Francisco-based investment management firm, Panamint Capital​

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PFR Thermal Power Roundtable 2021: Panamint's CIO Speaks of Capacity Market and Policy

It’s been a roller coaster year for project financiers and developers of thermal power plants, who have had to contend with not just a global viral outbreak, but also an unprecedented winter storm and power crisis in Texas, and the fallout of the unexpected PJM Interconnection capacity auction results for delivery year 2022/2023.

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Panamint Capital Purchases NCA2 From Rockland

HOUSTON, TX – January 17, 2020 – Rockland Capital, LP (“Rockland”) closed the sale of Nevada Cogeneration Associates #2 (“NCA2”) to the Ultra Capital backed Panamint Capital LLC.  NCA2 is a fully contracted, 85 MW natural gas-fired Qualifying Facility located in Henderson, Nevada.  Rockland initially acquired NCA2 in 2016.

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