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An update from Frontier Energy Limited ( (AU:FHE) ) is now available.
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 is a significant milestone for the project, as it ensures additional revenue through reserve capacity payments, alongside energy sales. The Reserve Capacity Mechanism, unique to Western Australia, is designed to meet peak electricity demand and provides a financial boost to projects like Waroona. With the Benchmark Reserve Capacity Price for 2027/28 set at $360,700 per MW, a 57% increase from the previous year, Frontier is well-positioned to capitalize on the forecasted shortfall in capacity due to the retirement of coal-fired generation and rising electricity demand.
More about Frontier Energy Limited
Frontier Energy Limited operates in the renewable energy industry, focusing on the development of projects that generate clean energy. The company is involved in the Waroona Renewable Energy Project, which aims to provide sustainable energy solutions in Western Australia.
Average Trading Volume: 330,057
Technical Sentiment Signal: Sell
Current Market Cap: A$113.3M
See more insights into FHE stock on TipRanks’ Stock Analysis page.