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Frontier Energy Limited ( (AU:FHE) ) has shared an update.
Frontier Energy Limited has announced an ambitious expansion strategy for its Waroona Renewable Energy Project, aiming to develop it into a multi-stage renewable energy precinct with up to 1GW of solar energy generation and 660MW of battery storage by 2031. This expansion aligns with the planned retirement of significant coal and gas generation assets in Western Australia, positioning Frontier as a key player in the region’s energy transition. The strategy’s reliance on existing infrastructure allows for a faster and more cost-effective implementation, potentially creating long-term value for shareholders and contributing significantly to the state’s shift away from fossil fuels.
More about Frontier Energy Limited
Frontier Energy Limited operates in the renewable energy industry, focusing on solar energy generation and battery storage solutions. The company aims to establish the Waroona Energy Park as the largest renewable energy precinct in the southwest of Western Australia, leveraging its existing grid connections and freehold land to expedite market entry.
Average Trading Volume: 279,368
Technical Sentiment Signal: Buy
Current Market Cap: A$149.4M
Learn more about FHE stock on TipRanks’ Stock Analysis page.