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Record WA Power Prices Spur Frontier Energy to Accelerate Waroona Expansion

Story Highlights
  • WA wholesale and capacity prices hit records in 2025, boosting Frontier’s Waroona project economics and revenue outlook.
  • Amid looming coal closures and capacity shortfalls, Frontier is fast-tracking a Stage Two expansion to supply dispatchable renewables in WA.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Record WA Power Prices Spur Frontier Energy to Accelerate Waroona Expansion

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Frontier Energy Limited ( (AU:FHE) ) just unveiled an update.

Frontier Energy has reported that Western Australia’s wholesale electricity and reserve capacity prices hit record highs in 2025, materially enhancing the revenue outlook for the first stage of its Waroona Renewable Energy Project and supporting its hybrid solar-and-battery strategy. Average wholesale prices rose to $88/MWh and peak-period prices reached $120/MWh, while the reserve capacity price for 2027/28 climbed 67% on 2024, with Frontier having already secured 88.06MW of capacity credits at a fixed price for the project’s first five years of operation. Against a backdrop of mandated closures of state-owned coal-fired power stations by 2029, limited new renewable capacity on the South West Interconnected System, and a forecast generation shortfall, the company is fast-tracking studies for a Stage Two expansion and preparing updated independent electricity price forecasts to support project financing, underscoring its bid to capture growing demand for dispatchable renewable generation in WA.

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 Western Australian market. Its flagship Waroona Renewable Energy Project in the South West Interconnected System combines a 120MW solar farm with an 81.5MW, 6.9‑hour battery energy storage system to deliver firmed renewable power during peak demand periods. The company targets revenue from both wholesale electricity sales and Western Australia’s capacity-based market, positioning itself to benefit from the state’s transition away from coal and gas-fired generation.

Average Trading Volume: 211,644

Technical Sentiment Signal: Sell

Current Market Cap: A$123M

Find detailed analytics on FHE stock on TipRanks’ Stock Analysis page.

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