background image

Australian billionaire wants submarine cable to export solar power to Singapore and beyond

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the the full piece on TIME or enjoy below

🗞️ Driving the news: Mike Cannon-Brookes has acquired SunCable and is now in discussions with local authorities, aiming to export Australia's clean energy to Singapore through a 4,200-kilometer underwater cable
• The initial strategy involves a significant solar farm in Australia's Northern Territory, which Grok Ventures anticipates will be the world's largest, to serve both local needs and Singaporean demands

🔭 The context: SunCable's project was initially seen by developers as a potential part of a super-grid extending from Japan to India
• Forrest, a former investor, billionaire, and proponent of exporting energy through green hydrogen or ammonia, believed the undersea cable wasn't a commercially feasible idea

🌎 Why it matters for the planet: Amid Asia's largely fossil-fueled economies seeking cleaner energy solutions, especially those with limited space for renewables, SunCable presents a promising alternative

⏭️ What's next: Grok will now pursue an energy import license in Singapore and discuss cable routes with Indonesia; once finalized, the project will support regional shifts toward sustainable energy by exporting substantial power

💬 One quote: "It is by far, I think, the cheapest way to export energy from Australia in volume and at affordable prices" (Mike Cannon-Brookes, Grok Ventures & SunCable)

📈 One stat: The project's initial price tag was estimated at $19 billion, making it one of the most significant investments in renewable energy infrastructure in the region

Click for more news covering the latest on energy

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)