Frontier Energy Lifts Revenue Outlook for Waroona Stage One as Financing Advances

The latest announcement is out from Frontier Energy Limited ( (AU:FHE) ).

Frontier Energy has received an updated independent revenue forecast for Stage One of its Waroona Renewable Energy Project showing a significant uplift in projected earnings versus its 2024 Definitive Feasibility Study. The new Aurora Energy Research estimates put average annual revenue at A$72.5 million and EBITDA at A$61.4 million over the first five years of operations—an 11.5% revenue increase on prior DFS figures—driven by higher reserve capacity pricing, longer-duration battery-enabled peak power sales and stronger wholesale electricity prices in Western Australia. With around 48% of revenue underpinned by fixed-price reserve capacity and a five-year reserve capacity assignment providing about A$160 million in revenue certainty, the improved outlook is expected to strengthen the project’s bankability and support more favourable debt financing terms, as the company advances lender due diligence, appoints an independent technical engineer and finalises key equipment and EPC contracts.

The most recent analyst rating on (AU:FHE) stock is a Sell with a A$0.22 price target. To see the full list of analyst forecasts on Frontier Energy Limited stock, see the AU:FHE Stock Forecast page.

More about Frontier Energy Limited

Frontier Energy Limited is an Australian renewable energy developer focused on the Waroona Renewable Energy Project in Western Australia, comprising utility-scale solar generation and battery energy storage. Stage One of the project is planned as a 120MW solar farm paired with an 81.5MW, 6.9-hour battery, targeting participation in the WA electricity market through energy sales, reserve capacity payments and related grid services.

Average Trading Volume: 196,544

Technical Sentiment Signal: Sell

Current Market Cap: A$120.2M

Learn more about FHE stock on TipRanks’ Stock Analysis page.