- Australian software mogul named chairman of clean energy company.
- The project is expected to start in 2024, with entire operations commencing in 2029.
Australian software mogul Mike Cannon-Brookes was named chairman of clean energy start-up Sun Cable. The Singapore-based company seeks to secure funds for a proposed A$30 billion-plus ($19.3 billion-plus) solar power export project.
Sun Cable plans to supply solar power from Australia to Singapore and eventually Indonesia through the world’s most extended subsea high voltage cable, linked to a 17-20 gigawatt solar farm, as well as an energy storage facility of up to 42 GWh in Australia’s Northern Territory.
Construction is expected to start in 2024, with entire operations commencing in 2029.