The Business Times
SUBSCRIBERS

Australian billionaire Cannon-Brookes takes a fresh swing to sell solar to Singapore

Anita Gabriel

Anita Gabriel

Published Thu, Sep 7, 2023 · 11:02 AM
    • Mike Cannon-Brookes has completed the purchase of Sun Cable and is renewing his bid to sell solar power to Singapore.
    • Sun Cable’s flagship project hopes to deliver some 6 GW of renewable energy in multiple stages. In the first stage, the project will generate 900 MW of power in Australia, while more than 1.75 GW will be delivered to Singapore.
    • Mike Cannon-Brookes has completed the purchase of Sun Cable and is renewing his bid to sell solar power to Singapore. PHOTO: BLOOMBERG
    • Sun Cable’s flagship project hopes to deliver some 6 GW of renewable energy in multiple stages. In the first stage, the project will generate 900 MW of power in Australia, while more than 1.75 GW will be delivered to Singapore. PHOTO: SUN CABLE

    THE sun may be back up on Sun Cable’s audacious A$30 billion (S$26 billion) solar project to ship sunshine from Darwin, Australia, to Singapore via what would be the world’s longest and deepest subsea cables.

    “I feel pretty bullish...we’ve got more streamlined and focused and more momentum...than before. I think we can prove that we’ve got the facts and the figures and the talent to back it up,” said Australian tech billionaire Mike Cannon-Brookes in an interview with The Business Times (BT).

    On Thursday (Sep 7), Grok Ventures, a private investment firm run by Cannon-Brookes, said it has completed the purchase of Sun Cable’s assets, including the shares in its operating subsidiaries.

    Solar energyAustraliaSingaporeESG

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More