Sun Cable Places Clean Energy Export Plans On Hold – The Diplomat

AdvertisementLast year, the renewable energy company Sun Cable announced that it had raised $150 million for an ambitious project involving the construction of a 12,000-hectare solar farm in Australia’s Northern Territory. The plan was for excess power generated there to be exported to Singapore via a 4,200-kilometer undersea cable. That plan, the cost of which was estimated to be about $20 billion at the time, is on hold for now as Sun Cable has entered voluntary administration and is currently awaiting restructuring. Reportedly, this stems from a disagreement amongst financial backers about whether the company is commercially viable or not.In principle, the Sun Cable idea has merit. Northern Australia is rich in land and sunshine and it makes sense to build large-scale solar farms and export excess power generated there to countries that want cleaner energy but face land or other…

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