Billionaires tip funds into ambitious Australia to Singapore solar supply project

solar power
solar power

Two Australian billionaires have invested millions of dollars to jumpstart a megaproject to supply solar power from northern Australia to Singapore via the world’s longest subsea high voltage cable, the project’s boss said on Wednesday.

Sun Cable has plans for a 10-gigawatt solar farm in Tennant Creek in the Northern Territory, a 22-gigawatt hour battery storage facility and a 4,500 km (2,800 miles) transmission network to Singapore. They are the biggest of their kind in the world.

The Australia Singapore Power Link would supply a fifth of Singapore’s power needs of (LNG).

Sun Cable Chief Executive David Griffin said the funds provided by Cannon-Brookes and Forrest, calculated to less than A$50 million, it is the cost of scheming the development and obtaining controlling and ecological supports, ahead of seeking full financing.

This is a very huge and exciting scheme with world-changing possibilities. There are the resources and the drive to get it done, it has just to be put together.

It’s a really multifaceted system that is designing. It’s not just a big solar farm, a big energy storage project, or a long program line. It all has to stitch together.