Novocastrian Offshore Wind Farm

Wind · OceanEx Energy · Wind Turbine - Offshore

Dispatch stats Financials
Development AEMO: Publicly Announced Wind - Wind NEM data · 24 hours
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Registered nameplate capacity — refresh AI for MW/MWh
Est. SRMC
$14.55/MWh
Key information

Capacity not yet researched — use Refresh equipment & project status (AI).

AEMO status Publicly Announced
Project status Development (AI)

Coordinates —

DUID —
Owner OceanEx Energy
Commissioned Jan 2031
Expected closure —
Closure date —
Technology Wind Turbine - Offshore
Fuel Wind - Wind
Turbine OEM —
Turbine model —
Stats window
13 Jun 2026 14:00 → 14 Jun 2026 14:00 AEST

Dispatch & revenue

13 Jun 2026 14:00 → 14 Jun 2026 14:00 AEST

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Financial overview

2026 real AUD. Monetary values are CPI-adjusted to 2026 real Australian dollars. Greenfield capex uses AEMO benchmarks when plant-specific cost is unknown.
Type
Wind (offshore)
Capacity
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Revenue (× MLF) (stats)
See dispatch stats link above
Est. SRMC
$14.55/MWh
Capex total (greenfield)
$10,548.52M

Shown in table
$10,548.52M (2026 real AUD)

Reported / source value
$10,000.00M (2024 nominal)
Adjusted to 2026 real AUD using Australian CPI (All Groups).

How this was derived
Owner-linked project media release states the Novocastrian Offshore Wind Farm would represent a $10 billion investment.

Reference
MEDIA RELEASE - LOCAL (high confidence)
Source recorded 06 Jun 2026
Capex refurbishment
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Capex / MW
$5,274,262

Shown in table
$5.27M (2026 real AUD)

Reported / source value
$5.00M (2024 nominal)
Adjusted to 2026 real AUD using Australian CPI (All Groups).

How this was derived
Derived from the reported total project investment and the 2 GW project size stated in the same release.

Reference
MEDIA RELEASE - LOCAL (medium confidence)
Source recorded 06 Jun 2026
Fixed OPEX (annual)
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Fixed OPEX / MW-yr
$248,477

Shown in table
$248.5k (2026 real AUD)

Reported / source value
$235.6k (2024 nominal)
Adjusted to 2026 real AUD using Australian CPI (All Groups).

How this was derived
The 2024 AEMO/Aurecon review gives a fixed O&M benchmark for floating offshore wind of 235,556 AUD per MW per year.

Reference
2024 Energy Technology Cost and Technical Parameter Review (high confidence)
Source recorded 06 Jun 2026
Variable OPEX / MWh
$14.55

Shown in table
$14.55 (2026 real AUD)

Reported / source value
$13.79 (2024 nominal)
Adjusted to 2026 real AUD using Australian CPI (All Groups).

How this was derived
The 2024 AEMO/Aurecon review gives a variable O&M benchmark for floating offshore wind of 13.79 AUD/MWh.

Reference
2024 Energy Technology Cost and Technical Parameter Review (high confidence)
Source recorded 06 Jun 2026
Fuel cost / GJ
—
Heat rate GJ/MWh
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Confidence: medium · Status: ai estimated · Capex basis: reported · AI checked 06 Jun 2026

Notes
Plant-specific greenfield capex was reported as a $10 billion investment for the Novocastrian Offshore Wind Farm. The project webpage and fact sheet describe it as a multi-billion investment / up to 2 GW project. O&M figures were not found for this project specifically, so offshore-wind benchmark O&M from AEMO/Aurecon 2024 was used as a fallback. The project appears to have been in feasibility/planning stage in the sourced material; a later 2025 source indicated the project would not proceed, but the requested assumptions are based on the project economics available in the retrieved sources.

Sources