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Frontier Energy Limited ( (AU:FHE) ) just unveiled an update.
Frontier Energy Limited has announced the assignment of 88.06 MW of Certified Reserve Capacity for Stage One of its Waroona Renewable Energy Project. This assignment under the Reserve Capacity Mechanism, unique to Western Australia, ensures the project can contribute to meeting peak electricity demand and provides an additional revenue stream through reserve capacity payments. The Benchmark Reserve Capacity Price for 2027/28 has increased significantly, enhancing the project’s financial prospects. The announcement highlights the strategic importance of the Waroona Project in addressing forecasted electricity capacity shortfalls, particularly as coal-fired generation is phased out.
More about Frontier Energy Limited
Frontier Energy Limited operates in the renewable energy industry, focusing on developing projects that provide sustainable energy solutions. The company is involved in the Waroona Renewable Energy Project, which aims to contribute to meeting peak electricity demand in Western Australia.
Average Trading Volume: 333,020
Technical Sentiment Signal: Sell
Current Market Cap: A$113.3M
See more data about FHE stock on TipRanks’ Stock Analysis page.