Bundaberg Solar Farm (BUSF1)

Solar · Bundaberg Development Pty Ltd · Solar PV - Single axis tracking

Asset Watch Dispatch stats Financials

Operational AEMO: Committed QLD1 Solar - Solar NEM data · 24 hours

78 MW

Registered nameplate capacity

24 hours revenue

$2.3k

Capacity factor

25.3%

Revenue / MWh

$4.90

Est. SRMC

$14.55/MWh

Energy flow

Dispatch target (cleared) vs availability — 5‑minute intervals. QLD1 regional price (RRP) on right axis.

Capacity

78 MW

AEMO status Committed

Project status Operational (AI)

Monford Group project page (2024) describes Bundaberg Solar Farm as delivered EPC works; AEMO records show commissioning completed 2025-12-01, implying the asset is now operational.

Region QLD1

Coordinates —

MLF 0.9323

DUID BUSF1

Owner Bundaberg Development Pty Ltd

Commissioned Dec 2025

Expected closure 2055

Closure date —

Technology Solar PV - Single axis tracking

Fuel Solar - Solar

Module OEM PVH

Module / inverter supplier solar modules and inverters

Inverter OEM Sungrow

Inverter model inverters (model not documented)

Equipment confidence low

Dispatch & revenue

04 Nov 2026 02:10 → 05 Nov 2026 02:10 AEST

Energy revenue (× MLF)

$2.3k

FCAS revenue (× MLF)

FCAS volume

— MWh

Dispatched

473.5 MWh

Available

— MWh

Curtailed

— MWh

Curtailment

—

of available

MLF used

0.9323

end of period

Revenue (× MLF)

Estimated $ per interval — energy (RRP) and FCAS (regional FCAS prices), both × MLF.

Methodology & assumptions

Dispatch & availability — AEMO Next Day Dispatch UNIT_SOLUTION (5‑minute intervals). Intervention intervals excluded.
Regional price — dispatch_price RRP matched by settlement time and NEM region (from generator registry).
Energy revenue (× MLF) — cleared MW × (5/60 h) × RRP × MLF.
FCAS revenue & volume — cleared FCAS MW from DISPATCHLOAD (raise/lower 6s, 60s, 5min, reg) × (5/60 h) × regional FCAS price × MLF. Volume is total FCAS enablement MWh across services.
State of charge — INITIAL_ENERGY_STORAGE (MWh at interval start) from UNIT_SOLUTION, published for bidirectional/storage units. Next-day data — the SOC line lags real time by up to a day.
Curtailment — estimated economic curtailment when availability exceeds dispatch target: max(0, availability − cleared) × (5/60) MWh.
Not settlement — estimates only. AEMO settlement applies DLF, rebids, constraints, and other factors not modelled here.

MLF history (AEMO daily)

Effective from	MLF
2026-02-24	0.9677
2026-07-01	0.9323

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.

Capex total (greenfield)	$106.96M Shown in table $106.96M (2026 real AUD) Reported / source value $101.40M (2024 nominal) Adjusted to 2026 real AUD using Australian CPI (All Groups).
Capex refurbishment	—
Capex / MW derived	$1,371,308 Shown in table $1.37M (2026 real AUD) Reported / source value $1.30M (2024 nominal) Adjusted to 2026 real AUD using Australian CPI (All Groups).
Fixed OPEX (annual)	$19.38M Shown in table $19.38M (2026 real AUD) Reported / source value $18.37M (2024 nominal) Adjusted to 2026 real AUD using Australian CPI (All Groups).
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 Benchmark fixed O&M value for the reference solar PV case used as fallback. Reference 2024 Energy Technology Cost and Technical Parameter Review (medium confidence) Source recorded 05 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 Benchmark variable O&M value for the reference solar PV case used as fallback. Reference 2024 Energy Technology Cost and Technical Parameter Review (medium confidence) Source recorded 05 Jun 2026
Fuel cost / GJ	—
Heat rate GJ/MWh	—

Confidence: medium · Status: ai estimated · Capex basis: default · AI checked 05 Jun 2026

Notes
No plant-specific greenfield capex announcement could be verified from the owner/developer or government sources in the available search results. GPG Australia confirms Bundaberg was under construction in 2024 and identifies it as a 100 MW photovoltaic project; however, the sources located do not provide a total project cost. O&M and life assumptions were therefore proxied from AEMO/Aurecon 2024 large-scale solar PV benchmarks. The benchmark values found are for utility-scale solar PV and indicate single-axis tracking has higher capital cost and maintenance requirements than fixed-tilt systems. The fixed O&M figure retrieved appears to be an annual total for a hypothetical large-scale project rather than a per-MW figure, so it should be reviewed before use in valuation models.

Sources

asset_life_years — 2024 Energy Technology Cost and Technical Parameter Review (medium)
capex_search_result (medium)
fixed_opex_per_mw_year_aud — 2024 Energy Technology Cost and Technical Parameter Review (medium)
owner_and_project_identity — We received a $2.3 billion financing to support the development of our Australian project portfolio - GPG Australia (high)
project_type — Bundaberg Solar Farm - Monford Group (high)
technology_type — 2024 Energy Technology Cost and Technical Parameter Review (high)
variable_opex_per_mwh_aud — 2024 Energy Technology Cost and Technical Parameter Review (medium)