Australia's Frontier Energy gains on positive outlook for Waroona energy project
26/11/2024 03:48
** Shares of Frontier Energy FHE.AX rise as much as 16.7% to
A$0.140, set for biggest one-day pct gain since March 4
** Renewable energy co says Western Australia's Economic
Regulatory Authority increases benchmark reserve capacity price
(BRCP) for the 2027/28 capacity year by 54%
** Higher BRCP to have positive impact on the economics of
Waroona Renewable Energy Project, co says
** Stock trims YTD losses to 63%, as of 0340 GMT
(Reporting by Namrata Verma in Bengaluru)
((mailto:Namrata.Verma@thomsonreuters.com;))
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