Frontier Energy Limited (AU:FHE) has released an update.
Frontier Energy Limited has progressed in its bid to secure Reserve Capacity Credits for its Waroona Renewable Energy Project by paying the necessary Reserve Capacity Security to the Australian Energy Market Operator. The company notes a continuous rise in wholesale electricity prices in Western Australia, which underscores the importance and potential profitability of the Waroona Project. The project aims to generate revenue through fixed capacity payments, energy sales, and Large Generation Certificates, with prices currently surpassing initial forecasts.
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