Frontier secures AUD 215m for Aussie solar-storage project
- Frontier Energy Limited secures AUD 215 million for solar-plus-storage project in Western Australia, paving the way for a renewable energy hub with green hydrogen initiatives.
Australian clean energy firm Frontier Energy Limited has secured AUD 215 million in senior project finance debt to advance the construction of a 120 MW solar-plus-storage project in Western Australia. The project, part of the Waroona Renewable Energy Project, includes a battery energy storage system and is estimated to cost AUD 304 million for Stage One. The funds were arranged with Infradebt Pty Limited, with plans for further battery projects in the future.
Located south of Perth, the Waroona project aims to establish a major renewable energy hub in Western Australia, incorporating initiatives such as BESS and green hydrogen. Frontier took full ownership of the project in December and plans to integrate its hydrogen plant with a proposed dual fuel peaking plant, securing an initial offtaker for its hydrogen.
What is the significance of Frontier Energy's AUD 215 million project finance debt?
- The AUD 215 million project finance debt secured by Frontier Energy is a significant milestone in advancing the construction of the 120 MW solar-plus-storage project in Western Australia.
- The project, part of the Waroona Renewable Energy Project, includes a battery energy storage system and is estimated to cost AUD 304 million for Stage One, with the remaining funds likely to come from equity investors or other sources.
- The funds were arranged with Infradebt Pty Limited, indicating confidence in the project's viability and potential for success.
- The Waroona project aims to establish a major renewable energy hub in Western Australia, showcasing the region's commitment to clean energy initiatives such as BESS and green hydrogen.
- Frontier Energy's plans to integrate its hydrogen plant with a proposed dual fuel peaking plant demonstrate a holistic approach to energy generation and storage, positioning the company as a leader in innovative energy solutions.
- Securing an initial offtaker for its hydrogen further solidifies Frontier Energy's position in the renewable energy market and highlights the growing demand for clean energy sources.
