Australia approves a $13.5 billion project to export solar power to Singapore via a 4,300-kilometer subsea cable, with Sun Cable set to deliver up to 6 GW of renewable energy by 2030.
Australia has approved an ambitious project to export solar power to Singapore via a subsea cable spanning over 4,300 kilometers. The project has an estimated price tag of some $13.5 billion, Reuters reported, and the final investment decision on it is slated for 2027, with electricity set to start flowing along the cable in 2030.
However, the original cost of $13 billion kept rising, setting the two leaders of the project at odds with each other. Last year, the differences apparently proved irreconcilable and Sun Cable went into voluntary administration. The costs of the Australia-Asia PowerLink Project “just kept rising by 10%, 50%, 100%,” Fortescue Metals’ Andrew Forrest told CNN at the time, adding “That isn’t sustainable.
Australia Singapore Subsea Cable Sun Cable Renewable Energy Solar Farm Mike Cannon-Brookes Andrew Forrest Atlassian
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