Sun Cable clears new hurdle for world’s biggest solar and battery project

Sun Cable clears new hurdle for world’s biggest solar and battery project

Sun Cable’s Australia-Asia PowerLink, the massive solar and battery project backed by Australia’s two richest men, Andrew Forrest and Mike Cannon-Brookes, has cleared another important hurdle with a ringing endorsement of its economic merits from Infrastructure Australia. The endorsement by Infrastructure Australia, a government agency, means the project can advance to the stage 3, “investment ready” status on its priority list, and means it is well placed to access funding from other government agencies such as CEFC and NAIF. Sun Cable, if it goes ahead, will be the world’s biggest solar and battery storage project, with an ambitious plan to send most of its output 5,000km from its home on a Northern Territory cattle station to Darwin and then Singapore. The project is likely to cost more than $30 billion, …
More on: reneweconomy.com.au