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Frontier Energy Limited ( (AU:FHE) ) just unveiled an update.
Frontier Energy Limited announced an update on the certified reserve capacity for its Waroona Stage One Renewable Energy Project. The project has been assigned a Peak Certified Reserve Capacity (CRC) of 88.06 MW, which is crucial for securing a fixed price facility status and guaranteed revenue to support project financing. This milestone ensures that the Waroona Project will advance to the final stage of the Capacity Credit allocation process, potentially securing an annual capacity payment of $31.8 million if the full capacity is assigned. The Reserve Capacity Mechanism in Western Australia is designed to ensure adequate generation capacity during peak electricity demand, and the final capacity price will be determined based on the market’s capacity surplus or deficit.
More about Frontier Energy Limited
Frontier Energy Limited operates in the renewable energy industry, focusing on the development and operation of renewable energy projects. The company is primarily involved in the production and sale of energy, with a market focus on ensuring adequate generation capacity to meet peak electricity demand in Western Australia.
Average Trading Volume: 322,192
Technical Sentiment Signal: Buy
Current Market Cap: A$146.8M
See more insights into FHE stock on TipRanks’ Stock Analysis page.