Western Australia clean energy developer Frontier Energy has been granted $215 million in debt finance for its Waroona Renewable Energy Project south of Perth, from specialist infrastructure fund Infradebt.
Western Australia (WA) clean energy developer Frontier Energy has been granted $215 million (USD 141.6 million) in debt finance from infrastructure fund manager Infradebt for Stage One of its Waroona Renewable Energy Project (WREP).
Located 120 kilometres south of Perth, the Stage One WREP will be a 120 MW solar farm with an integrated four-hour 80 MW / 360 MWh DC-coupled battery energy storage system (BESS).
Frontier Energy Chief Executive Officer Adam Kiley said the company received multiple credit endorsed proposals as part of the debt financing process from several major financial institutions.
“However, the Infradebt offer was superior, with a highly attractive tenor and interest rate, whilst also…
