** Shares of ASX-listed Frontier Energy fall as much as 55% to A$0.099, their biggest intraday pct loss since early-Jan 2017
** Stock hits its lowest level since June 17, 2020
** The renewable energy co says its Waroona project failed to receive reserve capacity credits $(RCC)$ from the Australian energy market operator
** RCCs are certifications for power projects given on its ability to provide a certain amount of energy to the grid
** Adds this was due to significant reserve capacity surplus, terminates debt agreement with Infradebt as it was subject to RCC's allocation
** However, co says it has identified alternative funding solutions, including bonds
** Over 10 mln shares traded, 13.2x the 30-day avg volume
** Stock down 39.7% YTD, as of last close
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))
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