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Frontier Energy Limited (ASX:FHE)

ALERT: Price-sensitive ASX Announcement for FHE
Current share price for FHE : $0.180 -0.03 (-14.29%)+
Announcement
Release
1 Sep 2026 8:15AM
Price at Release
$0.210
Full Release
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Summary
Frontier Energy Limited (ASX: FHE) announced that it has executed all major contracts for Stage One of its Waroona Renewable Energy Project in Western Australia, materially reducing execution risk for the fully funded development. Stage One comprises a 132MW solar facility paired with an 81.5MW battery energy storage system with 6.9 hours of storage, forming the majority of a $310 million project budget plus $22 million contingency. The company said major equipment and EPC contracts are fixed price and in line with expectations, with tier-one suppliers secured including LONGi for photovoltaic panels, Trina for the battery energy storage system, SMA Australia for inverters and Nextpower for the tracking system. EPC contracts have been executed with Monford Group for construction and commissioning of the solar-BESS facility and with Global Power Services for substation works. Frontier also confirmed its Electricity Transfer Access Contract and Interconnection Works Contract with Western Power are now unconditional, allowing export of up to 99MW and import of up to 95MW to charge the BESS. Site works are scheduled to begin in September 2026, first panel deliveries are due in January 2027, and first generation from Stage One is scheduled for 2028, while the company continues to assess Stage Two expansion across its broader landholding.
Key Points
  • Frontier Energy Limited executed all major contracts for Stage One of the Waroona Renewable Energy Project.
  • Stage One consists of a 132MW solar facility and an 81.5MW battery energy storage system with 6.9 hours of storage.
  • Major equipment and construction contracts are fixed price and align with company expectations.
  • The project budget is $310 million plus a $22 million contingency and is fully funded.
  • Tier-one suppliers secured include LONGi for PV panels, Trina for BESS, SMA Australia for inverters and Nextpower for tracker systems.
  • EPC contracts were executed with Monford Group for construction and commissioning and with Global Power Services for substation works.
  • Western Power connection agreements are now unconditional.
  • The project can export up to 99MW and import up to 95MW to charge the battery system.
  • More than 200,000 solar panels rated at 650W and 655W will be installed for Stage One.
  • The BESS supply arrangement includes a 20-year warranty and long-term services agreement.
  • Site works are scheduled to commence in September 2026.
  • Stage One is scheduled for first generation in 2028.
  • Frontier said only 300 hectares of its 830 hectares of grid-adjacent freehold land are committed to Stage One, with Stage Two already being advanced.
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.