Aussie billionaire revives bid to sell solar power to Singapore

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Aussie billionaire revives bid to sell solar power to Singapore
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Sun Cable will apply later in September to Singapore’s Energy Market Authority for an energy import conditional licence. Read more at straitstimes.com.

The sale of Sun Cable’s assets, including the shares in its operating subsidiaries, to a private investment firm run by Mr Cannon-Brookes has been completed, said his company Grok Ventures on Thursday.

It said Sun Cable is moving forward with a “renewed focus” to progress the Australia-Asia Power Link – a mammoth intercontinental undertaking that includes building a 20 gigawatt solar farm and a battery storage capacity in a small town in Australia’s Northern Territory. “There’s huge upside for both Australia and our neighbours, Singapore and Indonesia. We look forward to working with our partners across Asia to drive this.”

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