Frontier Energy Limited (AU:FHE) has released an update.
Frontier Energy Limited reports robust financial prospects for its 120MWdc Solar Facility with an 80MW battery, expecting average EBITDA of $68 million per annum in the first five years and a post-tax payback period of 5.8 years. The company is nearing completion of procurement and EPC contracts while also progressing well with strategic equity investor discussions and debt financing, having $10.3 million in cash as of the end of March 2024. This comes amid rising electricity demand and record peak prices in Western Australia, positioning Frontier as a potential key player in the region’s renewable energy production.
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