Solar · Venn Energy Pty / Banksia Solar Project Pty Ltd · Solar PV - Single axis tracking
03 Jun 2026 22:35 → 04 Jun 2026 22:35 AEST
| Capex total (greenfield) |
$79.06M
Shown in table How this was derived Reference |
|---|---|
| Capex refurbishment |
—
|
| Capex / MW |
$1,123,000
Shown in table How this was derived Reference |
| Fixed OPEX (annual) |
$844.8k
Shown in table How this was derived Reference |
| Fixed OPEX / MW-yr |
$12,000
Shown in table How this was derived Reference |
| Variable OPEX / MWh |
$0.00
Shown in table How this was derived Reference |
| Fuel cost / GJ |
$0.00
Shown in table How this was derived Reference |
| Heat rate GJ/MWh |
—
How this was derived Reference |
Confidence: low · Status: ai estimated · Capex basis: estimated · AI checked 04 Jun 2026
Notes
No generator-specific construction cost, EPC contract value, fixed O&M contract, variable O&M contract, financing terms, or refurbishment budget was found in public web sources. Capex and O&M are therefore estimated from AEMO/Aurecon 2024 large-scale single-axis-tracking solar PV assumptions, scaled to the user-provided 70.4 MW AC capacity and an assumed DC:AC ratio of 1.2. Estimated DC capacity = 84.48 MWp. Estimated EPC capex = 84.48 MWp x AUD 1.15/Wdc = AUD 97.151m; estimated land/development = 10% of equipment cost, where equipment is 60% of EPC = AUD 5.829m; estimated total capex = AUD 102.981m. Fixed O&M = AUD 12,000/MWp DC/year x 84.48 MWp = AUD 1.014m/year. Variable O&M is shown as AUD 0/MWh because AEMO/Aurecon states it is included in fixed O&M. Public capacity sources conflict: the owner website describes a 72 MW project, AEMO's 2026-27 MLF modelling lists Banksia Solar Farm as Queensland new generation with max site capacity 60 MW AC, and the prompt states 70.4 MW. AEMO also notes MLFs are not published for connections not yet registered; no DUID was found. The owner website says Banksia will operate for at least 30 years and elsewhere says 30-40 years with regular maintenance, after which equipment could be upgraded/refurbished or decommissioned. Venn/Boree FAQ says Banksia received development approval in January 2021, connection agreement in July 2023, and expected construction in Q4 2025; this conflicts with the prompt online date of 2028-01-01 and older owner timeline statements targeting operation in 2025.
No reported Banksia-specific construction cost, EPC contract value, financing package, fixed O&M, variable O&M, PPA price or fuel contract was found in public sources searched. Capex and O&M values are estimates based on CSIRO/AEMO GenCost 2024-25 assumptions as exposed in NEMO documentation: PV1Axis 2030 current-policies capex of AUD 1,123/kW and fixed O&M of AUD 12/kW-year. Total capex and fixed O&M were scaled to the user-provided 70.4 MW capacity. AEMO 2026-27 MLF material lists Banksia Solar Farm as Solar PV, semi-scheduled, with max site capacity of 60 AC MW, while owner/project material describes the project as 72 MW and the user-provided capacity is 70.4 MW; this conflict should be reviewed before financial close modelling. Owner website states expected operation in 2025, while the user provided online date is 2028-01-01; Boree Solar Farm FAQ says Banksia is expected to begin construction in Q4 2025. Current ownership appears to have changed after Venn/Artibir development: Property Perfect says Keystone acquired all shares of Banksia Solar Project Pty Ltd on 1 October 2024. Asset life is supported by owner FAQ and GHD/AEMO retirement assumptions; refurbishment/decommissioning note: owner FAQ states operation for at least 30 years when refurbished for further use or fully decommissioned; GHD/AEMO assumes 30-year design/technical life for a stand-alone single-axis tracking solar farm and estimates large-scale PV retirement cost at AUD 110,000/MW.