Frontier Energy Cuts Costs in Key Renewable Project

Frontier Energy Limited (AU:FHE) has released an update.

Frontier Energy Limited has announced a significant update to its Waroona Renewable Energy Project, with a 7% reduction in capital costs to $283 million and an expected rapid payback period of 6.1 years. The project, which includes a 120MW solar facility and an 80MW battery, is projected to generate an average annual revenue of $65 million and EBITDA of $57 million over the first decade. With all major approvals in place and various financing options on the table, Frontier is poised for substantial growth in Western Australia’s renewable energy market.

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