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Frontier Energy Limited (ASX:FHE)

ALERT: Price-sensitive ASX Announcement for FHE
Current share price for FHE : $0.185 -0.08 (-30.19%)+
Announcement
Release
4 May 2026 12:50PM
Price at Release
$0.265
Full Release
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Summary
Frontier Energy Limited's Waroona Project has been selected for the Australian Government's Capacity Investment Scheme (CIS), which provides a revenue floor until 2042, enhancing the project's ability to secure favorable financing. The Waroona Project was one of three selected under Tender 6, targeting dispatchable capacity projects in Western Australia's main grid. The CIS operates as a revenue underwriting scheme, providing a minimum level of revenue and allowing for upside in higher energy price environments. This selection, along with prior secured capacity credits, significantly boosts Frontier's capacity to finalize debt financing, aiming for completion in the near term. Confidential terms were set during the CIS tender process, and the company will continue to update potential financiers.
Key Points
  • Waroona Project selected for Tender 6 of the Australian Government's Capacity Investment Scheme.
  • CIS provides a revenue floor until 2042, enhancing financing terms.
  • Project was one of three selected for support, targeting dispatchable capacity with batteries.
  • The scheme ensures a minimum level of revenue through government top-up payments if revenues fall below a set floor price.
  • Confidential financial details of the CIS tender were established.
  • Frontier aims to finalize debt financing soon, with indicative terms from tier one institutions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.