ESG & Investing
A $20 Billion Plan to Export Power to Singapore Wins Approval
- Australia-Asia Power Link gets environmental clearance
- The aim is to send solar electricity via undersea cable
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The first stage of one of the world’s most ambitious renewable power projects won environmental approval, paving the way for the billionaire-funded plan to export solar electricity from Australia to Singapore.
The Australian government on Wednesday cleared the first phase of the A$30 billion ($20 billion) AAPowerLink project. Its developer, SunCable, was bought by billionaire Mike Cannon-Brookes in May last year.