Frontier Energy Secured AU$215 Million Debt Financing for Waroona Renewable Energy Project

Frontier Energy Limited (ASX: FHE) has signed a senior debt mandate with Infradebt Pty Limited to secure AU$215 million for the Stage One development of its Waroona Renewable Energy Project. This stage includes a 120MWdc solar facility and an 80MW/360MWh DC coupled battery energy storage system.

The financing agreement features a 17-year debt tenor with an innovative repayment structure aimed at maximizing project economics. Infradebt, an Australian infrastructure financing specialist, will also partner with Frontier for future battery projects. Execution of the long-form facility agreement is anticipated in September 2024, as Frontier seeks potential strategic investment partners

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