Sun Cable

Sun Cable will certainly be gotten by an entity affiliated with Grok Ventures, a financial investment vehicle of Australian billionaire Mike Cannon-Brookes, as revealed on Friday by the voluntary administrators of the company, namely FTI Consulting.

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.

Squadron Energy says power Cable to Singapore not viable Sees future for eco-friendly assets in Northern Territory

The massive trans ocean project with renewable resource at its core was certainly the most ambitious to come out of the economic sector in the past 5 years. A most likely reason for going into administration is disagreements between both key backers.

Sun Cable has actually relied on a trio of economic consultants as it wants to advance its multi-gigawatt solar-storage project to economic close by 2024.

A project in Australia that can include up to 17-- 20GWp of solar as well as 36-- 42GWh of energy storage space has been categorised as financial investment all set by a federal government agency.

Sun Cable has actually closed a AU$ 210 million (US$ 152 million) Series B raise with their existing shareholders to fund the development of its Australia-Asia PowerLink (AAPowerLink) subsea cable project.

A project that bids to combine up to 20GW of solar PV with the world's largest energy storage battery and also a 4,200km-long subsea power cable has relocated a progression after Indonesian authorities greenlit its suggested transmission cable course.

Sun Cable, the Singapore-based consortium dealing with the world's largest power infrastructure project, aka the $22 billion Australia-ASEAN Power Link (AAPL), disclosed today that it had actually lodged an application with the Northern Territory's Growth Approval Authority for a facility in the region's capital, Darwin.

An Australian solar-plus-storage project that intends to provide 20% of Singapore's electricity need has actually been marked as a priority initiative by advising group Facilities Australia.

Electrical power from $20bn farm on 10,000 sq km residential property in Newcastle Waters also prepared to feed Northern Territory's power grid

The globe's biggest solitary area solar plant, of 2.2 GW capacity was inaugurated in China's Quinghai district this month.

Two famous billionaires from Australia have been announced to invest dozens of millions of dollars in a development of a 10-gigawatt solar park with 20-30-gigawatt-hours of battery storage, with power supply destination in Singapore.