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.
The Australian government’s green bank has identified small- to medium-sized renewable energy generation projects as a key focus, tripling its existing mandate with specialist fund manager Infradebt in a move designed to drive investment in the space which it said has traditionally suffered from a funding “gap”.
Atlassian CEO Mike Cannon-Brookes’ family fund Grok Ventures is among the initial investors in Canberra-based Infradebt’s Energy Transition Fund. The fund will finance six to eight grid-scale battery projects with a total capacity of up to 2 GW.
The two solar plants with a combined capacity of 14 MWp will represent the first Australian utility-scale PV projects in Photon Energy’s independent power producer (IPP) portfolio.
The Clean Energy Finance Corporation (CEFC) has come together with private sector infrastructure fund manager Infradebt to invest in smaller utility-scale renewable energy projects for community and commercial energy users. The move aims to close an investment gap for projects of 25 MW or less.
Private sector infrastructure fund manager Infradebt has provided a $7 million senior debt facility for Terregra’s Mobilong and Moyhall solar farms in South Australia.
Infradebt has provided a $22.2 million senior debt facility for Epuron’s portfolio of operating solar assets in the Northern Territory with the accumulated capacity of close to 7 MW.
UK-based renewable energy developer Eco Energy World has reached financial close on two Queensland projects – the 20 MW Chinchila Solar Farm and the 34 MW Brigalow Solar Farm. Combined, the projects constitute nearly $70 million in capex.
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