Sun Cable negotiates 300-MW solar offtake for AAPowerLink

• Sun Cable Pty Ltd has actually signed a non-binding pact for prospective power materials from its massive Australia-Asia PowerLink (AAPowerLink) project to a mineral processing facility near Darwin in Australia's Northern Territory region.

A letter of intent (LOI) was authorized with Australian resource and also mineral processing innovation firm Tivan Ltd (ASX: TVN) for the possible offtake of power from 200 MW to 300 MW of capacity. In a bourse declaring recently, the mineral sources group stated it will certainly work with Sun Cable's AAPowerLink Australia Assets Pty Ltd to develop a sign renewable energy supply and business method for its facility and after that agree on a formal power acquisition agreement (PPA).

The potential power distributions will certainly go to the Tivan Processing Facility (TPF) where Tivan prepares to refine magnetite concentrate.

The AUD-30-billion (USD 20bn/EUR 18.3 bn) AAPowerLink will produce a solar park of between 17 GWp and 20 GWp in the Northern Territory with 36 GWh to 42 GWh of batteries. The significant complicated is planned to export electrical energy to Singapore.

The LOI with Tivan was signed numerous months after Sun Cable got in voluntary management due to an absence of consensus on financing proposals for the AAPowerLink.