Frontier Energy Limited (AU:FHE) has released an update.
Frontier Energy Limited has secured a partnership with Infradebt to provide $215 million in debt financing for its Waroona Renewable Energy Project in Western Australia, boosting the project with a 12% increase in battery duration and a reduction in capital expenditure. The company anticipates executing long-term documentation in September 2024, with the financing set to support future battery projects, including Stage Two of the Waroona Project. Additionally, Frontier reported having $8.4 million in cash as of the end of June 2024 and continues to strengthen its commitment to sustainability and infrastructure development.
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