After securing the Indonesian government’s agreement for the subsea cable route around the archipelago, a multibillion-dollar plan to deliver electricity to Singapore from the massive solar plant in the Northern Territory has passed a key regulatory obstacle. The Sun Cable project, which is sponsored by billionaires Mike Cannon-Brookes and Andrew “Twiggy” Forrest is now projected to cost upwards of $30 billion, has also stated that it will increase its proposed capacity by up to 40%, from 14 gigawatts to a range of between 17 – 20 gigawatts.
The solar project, which is set to be built on the Newcastle Waters cattle ranch approximately 750 kilometers south of Darwin, will be backed by 36 – 42 gigawatt-hours (GWh) of storage from the world’s largest battery according to the company. In a statement, the company stated that Luhut Binsar Pandjaitan, Indonesia’s coordinating minister for the maritime affairs and investment, acknowledged that his government had recommended and given a subsea survey license for the transmission cables to go across Indonesian seas.
Sun Cable’s CEO, David Griffin, said the company’s help in Indonesia was a key step in generating and transmitting “cheap, dispatchable renewable power to Darwin and Singapore.” “To fulfill the large-scale need for renewable energy, we are creating technology that integrates solar, storage, and high-voltage direct current transmission technologies,” he stated. “We expect this world-leading initiative to make a significant difference in the Indo-ability Pacific’s to reach net-zero objectives and renewable-energy-based economic growth.”
Starting in 2028, the project will be able to supply up to 15% of Singapore’s electricity demands via the “world’s biggest renewable energy transmission network.”. It is expected to provide 350 permanent jobs and more than 1,500 construction jobs, as well as cut greenhouse gas emissions by about 8.6 million tonnes per year. The announcement, according to Cannon-Brookes, is “a significant step toward realizing our potential to become one of the world’s top energy exporters.”
“Australia has the potential to become a global leader in renewable energy. He stated, “We can and should be able to tap into our solar resources, which have the potential to power the planet five times over.” EnergyAustralia told staff at the Mount Piper coal-powered power station that the plant would close in 2040, 2 years earlier than planned, as part of a commitment to phase out coal energy by that date. Analysts and climate activists claimed 2040 was a bit too late, referencing a United Nations request for developing countries to stop burning coal by 2030, based on scientific evidence.
Australia’s treasurer, Josh Frydenberg, was scheduled to tell business leaders that the country stood to lose many others who thought it was not moving to a clean economy in lockstep with the rest of the globe.