Frontier Energy secures $215m loan for Waroona Renewable Energy Project

Total capital cost for the project is $304m.

Australia’s Frontier Energy has inked a $215-m senior debt mandate with Infradebt Pty Limited for the first stage of the former’s Waroona Renewable Energy Project in Western Australia.

In a bourse filing, Frontier Energy said the terms of the financial assistance include a debt tenor of 17 years which includes the two-year construction period, and a long-term partnership for Infradebt to finance further battery projects developed by Frontier, including Stage Two of the Waroona project.

Majority of the $215m debt will be funded by the Infradebt Energy Transition Fund, a senior debt fund mandated specifically to provide debt finance to utility-scale battery projects in Australia. A long-form facility agreement and security documentation are expected to be executed in September 2024.

The final debt quantum will be determined after confirmation of the Reserve Capacity Price from the Australian Energy Market Operator in late September 2024.

The Waroona project is located 120 kilometres south of Perth. Its first stage will have a 120-megawatt (MW) solar farm and an 80MW/360 megawatt-hours battery energy storage system.

Follow the link for more news on

Australia Renewable Energy

Also Read

AMPIN Energy Transition achieves financial closure for 200MWp Rajasthan project

China invests over $100b overseas in cleantech since 2023

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit