Latest News for: Singapore cable

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Administrators move swiftly to settle future of Sun Cable

PV Magazine 24 Jan 2023
Two of Australia’s richest people are expected to be rivals in the bidding process for Sun Cable, the developer of what could be the world’s biggest intercontinental solar and energy storage project ... Sun Cable’s AAPowerLink project aims to power Darwin and export solar from the NT to Singapore via a 4,200-kilometer submarine transmission link.
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Weekend Read: Giga and giga

PV Magazine 21 Jan 2023
Examples include CWP Global’s 26 GW solar- and wind-powered green hydrogen project, the Asian Renewable Energy Hub, and Sun Cable’s 17 GW to 20 GW Australia-Asia PowerLink, which will seek to transmit clean power to Singapore via an undersea cable – although it emerged, this month, the latter project had gone into voluntary administration ... ....
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Australia-to-Asia power project to go up for sale in January

Reuters 20 Jan 2023
The administrators said they plan to appoint an adviser shortly to run the sale of Sun Cable, a Singapore-based company that collapsed after its two top investors, Mike Cannon-Brookes and Andrew Forrest, failed to agree on future funding plans ... Sun Cable designed its key project, ...
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Billionaires’ feud over world-beating cable escalates with claims of ‘inexperienced management’

CNN 19 Jan 2023
Britain’s electricity demand is eight times higher than Singapore’s and the cable would pass Portugal, Spain and France – all potential customers – he said, whereas Sun Cable’s link would pass via Indonesia, which stood to benefit from investment in the cable, but wouldn’t necessarily buy its power.
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Sun Cable ‘ends in a heap’ over billionaire fall out

The Daily Telegraph Australia 16 Jan 2023
... array in the Northern Territory and send the electricity to Singapore via an undersea cable of about 4,000 kilometres in length.
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Australia-Singapore $35 billion solar deal fades to black

Asiatimes 13 Jan 2023
JAKARTA – An ambitious US$35 billion plan to lay a 4,500-kilometer high-voltage direct current (HVDC) electricity cable from a giant solar farm in Australia’s Northern Territory to Singapore through the Indonesian archipelago appears to have collapsed – at least for now.
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‘Billionaire biffo’ shines light on hugely ambitious $30bn Sun Cable solar project

The Observer 12 Jan 2023
Electricity would help power Darwin and, via a 4,200km-, 3.2 gigawatt-cable, meet 15% of Singapore’s electricity needs and parts of Indonesia’s ... Singapore’s Energy Market Authority declined to comment on Sun Cable’s administration ... Blakers said Sun Cable’s going to face “very stiff ...
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Mining billionaire mulls take over of troubled $21bn subsea cable solar project

Business Day 12 Jan 2023
Australian mining billionaire Andrew Forrest is reviewing proposals including a potential deal to take control of the struggling Sun Cable project to export solar power to Singapore via a 4,200km submarine cable ... Sun Cable has drawn scepticism over the ambition of its plans, which ...
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Questions raised for Sun Cable project ‘if it does still go ahead’

The Daily Telegraph Australia 12 Jan 2023
“2027 was the year that it was hoped Sun Cable would start providing that power to Singapore,” he said.
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Billionaire urges overhaul of collapsed Australia-Asia solar mega project

FX Empire 12 Jan 2023
Singapore-based Sun Cable, largely owned by Forrest’s private firm Squadron Energy and Cannon-Brookes’ private firm Grok, appointed voluntary administrators this week less than a year after raising A$210 million for the Australia-Asia PowerLink project ... to Singapore and Indonesia.
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Major blow for greenie billionaire Mike Cannon-Brookes as business behind his mega plan to power ...

The Daily Mail 11 Jan 2023
The Australia-Asia PowerLink was to include world's longest undersea cable to carry the solar-generated electricity to Singapore, with Indonesia to be added at a later date ... Then the world's longest undersea cable would carry the solar-generated electricity to Singapore, with Indonesia to be added at a later date.
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Giant solar farm project in doubt after disagreement between Mike Cannon-Brookes and Andrew Forrest

The Observer 11 Jan 2023
Sun Cable’s ambitions include a $30bn giant solar farm in northern Australia to help power Darwin, Indonesia and Singapore ... Sun Cable’s giant Northern Territory solar project gets $210m funding boost ... Sun Cable’s ambitions extend beyond the proposed AAPowerLink to Singapore that it hopes to complete “this decade”, the administrators said.
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Billionaires' squabble stalls Australia-to-Asia solar power project

Reuters 11 Jan 2023
Singapore-based Sun Cable said it had appointed voluntary administrators less than a year after raising A$210 million from the two billionaires for the Australia-Asia PowerLink project ... world's longest undersea cable to deliver power to Singapore, and eventually, Indonesia.
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Billionaires’ squabble stalls Australia-to-Asia solar power project

FX Empire 11 Jan 2023
Singapore-based Sun Cable said it had appointed voluntary administrators less than a year after raising A$210 million from the two billionaires for the Australia-Asia PowerLink project ... the world’s longest undersea cable to deliver power to Singapore, and eventually, Indonesia.

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