Frontier Energy Limited (AU:FHE) has released an update.
Frontier Energy Limited has announced positive outcomes from the Definitive Feasibility Study for its 120MWdc Solar Facility integrated with an 80MW battery, boasting an average EBITDA of $68 million for the first five years and a payback period of under six years. The company is finalizing procurement and EPC contracts, with strong interest from banks for debt funding solutions of up to $225 million, and strategic equity investor discussions are underway. Additionally, Western Australia’s peak electricity demand hit new records, suggesting a growing market for Frontier’s renewable energy project.
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