Giant Australia-to-Singapore Solar Project Targets 2024 Build
Development backed by billionaires aims to export clean power from the Northern Territory via a 2,600-mile high-voltage undersea cable.
An artist rendition of the Sun Cable project.
Source: Sun Cable
The Sun Cable project that aims to export solar power from Australia’s Outback to Singapore is targeting a final investment decision in early 2024 after winning new support.
Construction on the A$30 billion ($20.7 billion) operation is expected to begin in the same year, and the development will seek to be in full operation by 2029, the company said Friday in a statement. Sun Cable has now been categorized as investment ready by Infrastructure Australia, the statutory body that advises the nation’s government on major projects, opening up the potential to access public funds.