Australian billionaire’s $20B solar project wins approval to export electricity to Singapore

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Sun Cable won the approval to build the first phase of a A$30B undersea cable to deliver solar power from Darwin, Australia to Singapore.

Sun Cable—the Sydney-based renewable energy company owned by tech billionaire and activist investor Mike Cannon-Brookes—won the Australian government’s approval to build the first phase of the A$30-billion ($20 billion) undersea cable that will deliver solar-generated electricity from Darwin to Singapore.

Under the project, Sun Cable is building the 4,300 kilometer Australia-Asia Power Link that aims to deliver more than 20 gigawatts of electricity by 2030 from a solar farm in northern Australia to customers in Darwin and Singapore. Both facilities are among the biggest in the world.

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Source: Forbes

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