Australia-based Frontier Energy Limited has secured a senior debt mandate from Infradebt Pty Limited for up to $215 million to finance Stage One of the Waroona Renewable Energy Project. This phase includes the construction of a 120 MWdc solar facility and an 80 MW /360 MWh storage system. The financing agreement features a 17-year term with an innovative repayment structure to improve economic efficiency. Infradebt, an Australian infrastructure fund, will also support future battery projects, including Stage Two of the Waroona Project. The total cost for Stage One is estimated at $304 million, with the final debt amount dependent on the Reserve Capacity Price set by the Australian Energy Market Operator (AEMO) in late September 2024. The Energy Transition Fund will primarily finance this project, with final agreements expected in September 2024.
Infradebt funds Waroona Renewable Energy Project
The $215 million financing will support the construction of a 120 MW solar facility and an 80MW battery system. (Image Credit: FrontierEnergy)
The Mockingbird Solar Center invests $500 million in renewable energy and creates 550 jobs in Texas. (Image Credit/Source: MarkStebnicki/Pexels)
The $529 million Vikings project supports grid stability by shifting daytime solar energy to meet peak demand periods. (Image Credit/Source: NadeemJafar/Pexels)
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)