Frontier’s Bristol Springs gets a leg-up through being awarded lead agency status by the WA government
The strategic importance of Frontier’s Bristol Springs renewable energy project (BSSP) has been recognised by the Western Australia government with the award of lead agency status.
Lead agency status, which is only awarded to projects that are of significance to the state, provides a framework for the company to be guided effectively through approvals processes over the next three years.
It also ensures that Frontier Energy (ASX:FHE) knows what is expected and doesn’t fall through the cracks.
The Department of Jobs, Tourism, Science and Innovation (JTSI) is the lead agency for BSSP and direct facilitator between the Government and the Company.
JTSI will help negotiate and manage agreements between major development proponents and the WA government, promote WA exports and attract foreign direct investment into the state’s economy as well as develop and coordinate state-significant projects and infrastructure.
“Being awarded lead agency status is a strong endorsement from the WA Government, as this highlights the importance the project plays not only for the state’s renewable energy strategy but also the domestic hydrogen industry,” managing director Sam Lee Mohan said.
“This status ensures if there is any “red tape” adversely impacting the development of the project, JTSI will help Frontier to navigate and find successful outcomes.
“It also ensures that when the state is promoting Western Australia’s renewable energy and hydrogen strategy to a global audience, the Bristol Springs project will now be front and centre.”
The first stage of BSSP’s solar farm is envisaged to be capable of producing 114 megawatts of power with potential for further expansion up to at least 438MW.
A Pre-Feasibility Study has already found that Stage One could power a 36.6MW electrolyser to produce 4.4 million kilograms of green hydrogen per annum at just $2.83/kg.
Offtake could potentially be through the Dampier to Bunbury Natural Gas Pipeline (DBNGP), which is located just 0.3km from the project and has a target to achieve a 10% hydrogen blend.
Frontier is also progressing BSSP through the Smart Energy Council’s pre-certification, which will assess and confirm that the project uses 100% renewable electricity to generate renewable hydrogen, corresponding to the requirements for renewable energy under the Renewable Energy Target legislated by the Australian Federal Government.
This article was developed in collaboration with Frontier Energy, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.