Frontier Energy Limited (AU:FHE) has released an update.
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Frontier Energy Limited has announced the successful completion of their Definitive Feasibility Study for the Waroona Renewable Energy Project, confirming it as a profitable, low-cost venture with a rapid post-tax payback of 5.8 years. The project, which includes a 120MWdc solar facility and integrated battery storage, is expected to generate an average EBITDA of $68 million annually over the first five years. With only a third of Frontier’s land being used, the company is exploring strategic partnerships and debt financing options for further expansion.
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