tiprankstipranks

Frontier Energy’s Waroona Project Secures Australian Government Support

Story Highlights
  • Frontier Energy Limited focuses on solar and battery storage in the renewable energy sector.
  • Waroona Project selected for CIS, enhancing financing and reducing investment risk.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Frontier Energy’s Waroona Project Secures Australian Government Support

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

Frontier Energy Limited’s Waroona Renewable Energy Project has been selected by the Australian Government for the Capacity Investment Scheme (CIS), which aims to accelerate investment in renewable energy and storage projects. This selection provides a revenue safety net for up to 15 years, enhancing the project’s ability to secure financing and reducing financial risk for investors. The Waroona Project, one of only four selected in Western Australia, will significantly contribute to the region’s renewable energy transition, with Stage One including 120MW of solar generation and 80MW of battery storage. This development marks a significant step forward for Frontier Energy, strengthening its position in the renewable energy sector and providing assurance to financiers on revenue certainty.

More about Frontier Energy Limited

Frontier Energy Limited operates in the renewable energy industry, focusing on the development of sustainable energy projects. The company is primarily engaged in solar generation and battery storage solutions, with a market focus on advancing renewable energy initiatives in Australia.

YTD Price Performance: -18.33%

Average Trading Volume: 270,362

Technical Sentiment Signal: Buy

Current Market Cap: A$50.48M

For an in-depth examination of FHE stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App