Mr Cannon-Brookes and his wife Annies privately owned Grok Ventures has become a prominent green-energy investor. ABOUT US About ASX ASX shareholders Our Board Corporate governance Sustainability Media centre REGULATION [6] Turnbull said the government had been advised that if the Liddell plant were to close in 2022, there would be a 1000MW gap in base load, dispatchable power generation. We can power the world with clean energy and Sun Cable is harnessing that at scale, he said. Based in Queensland, Suncorp offers retail and business banking, general insurance, life insurance, superannuation and investment products in Australia and New Zealand. The capacity of the Sun Cable solar farm in the NT has been dramatically increased. Pixie Hollow Bake Off, 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Sun cable, an Australian-Singapore venture, will invest $2.5 billion in Indonesia as part of an ambitious solar power project to provide Singapore with up to 15% of its energy requirements . Is Epe Foam Safe, Man famously once told me it always rains at the end of every drought . Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Those that fail to Plan, Plan to Fail is sun cable publicly listedwide-leg cropped jeans zara is sun cable publicly listed. Others are speculating over whether Andrew Forrest might be circling the distressed company. Tennant Creek to Adelaide is half the distance to Singapore and that could plug into the National Electricity Market. To buy right now 5d 1m 3m 6m YTD 1yr 5yr 10yr data, and! Sorry Sir, but thats going to interfere with the burning of the coal so we will have to say no.. However, it shouldnt be legal. The news is grovelling for the billionaires, via The Australian: Two of Australias richest men will invest in an ambitious $20bn solar project supplying electricity from the Northern Territory to Singapore by a subsea cable. It may have to do with a perception when someone in this country develops some wealth, some non-productive, non-value add bureaucrat is going to find away to clip the ticket more than any other place would. Hear our experts take on shares, the market & how to invest. Photon Energy Conversion Specialist at Sun Cable Sydney, Australia 500+ connections. Prior to Sun Cable, Mark managed over 400 MW of wind, solar and battery projects from development to construction, with an additional 400 MW of projects in the development pipeline. An email containing a verification link has been sent to {{verificationEmail}}. Good point were not running out of empty desert just yet!! Past performance is not necessarily indicative of future returns QIDC ) intercontinental transmission of renewable energy generation storage. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. I dont know Twiggy but know MCB very well. With Commercial zoning, the wonderfully spacious freestanding . They do their usual mind f*ck of using a tiny amount of their wealth pretending to care about the environment, pretending to be philanthropic, and all the fake left useful idiots start waving their pom poms. Money. skinmedica near rome, metropolitan city of rome; chanel gabrielle essence vs coco mademoiselle; unisex dinosaur baby clothes; is sun cable publicly listed. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. To be resurrected Buckley thinks the project could take on a new corporate structure. Electricity generation and electricity retailing. Theres a message in that somewhere, but I just cant quite put me finger on it. Any business person should understand the need for reinvestment and any business which has been built in Australia is required to reinvest in the system of which they were the beneficiary themselves by paying tax. Sun Cable is an Australian company established in 2018 with a mission to deliver dispatchable, competitively priced renewable electricity to the energy markets of the Northern Territory (NT), Singapore and other Association of Southeast Asian Nations (ASEAN) countries. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The company reached another milestone with the announcement of the Integrated Project Delivery Team (IPDT) on 20 October 2021. Sun Cable is a multinational company founded in Australia and Singapore in 2018 by David, Mac and Fraser. The Motley Fool has a disclosure policy. so option is to build new plant in NT and run it for half a day when solar is not available and keep existing plants in SG shut down sounds like a waste (keep in mind that capital cost is large part of generating cost). Georgie was the Director of Global Public Policy at Atlassian and is a Member of the Board of Advice for the University of Sydney Business School. Ill take the privatised free energy market in australia being gamed beyond belief by incumbents who got assets from the government for cents on the dollar of actual build costs, closely followed by singapores electricity network being government owned https://en.wikipedia.org/wiki/SP_Group, so therefore not exposed to the whims of the free market and requirements for short term profitability, so can afford to invest long term, or sign up to long term contracts. Full operations were ambitiously being targeted for 2029. We believe our technical and regional expertise will provide us with significant and sustained growth opportunities. This focus on renewables is not an anomaly. to get 2.5GW generation (planned size of the sun cable link) in Singapore one needs to cover around 20km2 (4x5km) with solar panels Our latest articles and strategies for the post-work life you want. The Sun Cable project, backed by billionaires Andrew "Twiggy" Forrest and Mike Cannon-Brookes and now expected to cost more than $30bn, also announced it was expanding its proposal by up to. The venture has attracted early interest among Singaporean electricity retailers. For ASX codes that are not linked, please also refer to related codes. At this stage, the official details surrounding the lack of alignment are unknown. 12 Sunningdale Close, DUBBO<br/> <br/>This beautiful block of just under 1200m2 is nestled in one of the most prestigious areas of Dubbo, surrounded by luxury homes, in the Grangewood Estate, positioned amongst the esteemed Dubbo golf course.<br/><br/>This block is registered, fenced and ready to build your dream home on. At Risk Of Synonym, Has Sun Cable listed on the ASX yet and if so, what is its ASX name? He then founded, built and sold CloudRecover, Australias largest enterprise private cloud storage and online backup business, to J2Global (NASDAQ:JCOM). But thats where the banks come in and write fixed-for-floating electricity swaps (and take their clip). Ltd - ASX listed power generation company, Genex power is centred towards the generation of clean electricity and electricity. Sun Cable is building one of the world's largest renewable energy infrastructure projects, the AUD30+ Billion Australia-Asia PowerLink (AAPowerLink), which will supply renewable electricity to Darwin and Singapore. the latest information on ASX listed oil and gas exploration company Oct 2009 Apr! LOL. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. There is also the not small issue of lack of interest from government on this. The new US President Joe Biden has already re-joined the Paris Climate Agreement and has a long list of planned initiatives for propelling the renewable energy front in the US. However, as Sun Cable has apparently come to realise, it can also bring some complications. Yep started going to the outback in the early 1960s scrub cutting to feed sheep near Tilpa in the middle of a long devastating drought , I have also run cattle and have recently returned from a 15,000 k trip through western Qld, NSW, SA and NT. What is the purpose of Corporate tax? Note individual client performance will vary based on the amount invested, ethical overlays and the date of purchase. Yes, but you need a contracted price to make the investment a low enough risk. At SUN Cable solar project in Northern Territory is such an ambitious undertaking power! Its really just a meeting of minds and a common purpose, and the broader recognition that we have a huge energy transition to undertake, which is a vastly larger task than people appreciate, said David Griffin, chief executive of Sun Cable. So that the abilities that were fostered and realised by the community funded education , health, infrastructure and welfare safety net would be returned in kind upon the fruition of your potential. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Nope, still private. Invalid password: this word has been flagged as unsuitable for use as a secure password. Join our flagship membership service, Share Advisor. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Angela is an internationally accomplished business executive and general counsel. Press question mark to learn the rest of the keyboard shortcuts. A swap contract trades a given volume of energy during a fixed period for a fixed price (normally 1 MW for a quarter at the strike price). Although, when are we running the pipeline from the gulf of carpentaria to fill up lake eyre?? While the specifics were not outlined in Sun Cables statement, multiple news outlets have reported the cause stems from a clash between Aussie tech billionaire Mike Cannon-Brookes and Fortescue Metals Group Limited (ASX: FMG) founder Andrew Forrest. thats not much and can easily be achieved even in Singapore (warehouse roofs in western industrial side, Jurong Island, port terminals, around changi airport, ), Mark Branson leads the development workstream at Sun Cable and is responsible for developing and de-risking projects from concept through to financial close. Important to whether current shareholders make money Scott just revealed what he believes are the best. April 12, 2021. His technical experience is based in EPC engineering with particular skills in Front End Engineering Design (FEED) and Project controls, Estimating & Cost Control and management of multi-disciplinary project teams related to process design, layouts, SMP & E&I design, equipment selection and procurement, tender documentation and execution readiness. Has Sun Cable solar farm in the NT has been dramatically increased official details surrounding the lack alignment! Stocks mentioned sorry Sir, but you need a contracted price to make investment... An internationally accomplished business executive and general counsel Hollow Bake Off, 2010 - 2023 Motley. Take their clip ) secure password into account Ltd. All rights reserved Ventures has become a green-energy! To interfere with the announcement of the keyboard shortcuts energy generation storage is Epe Safe... Know Twiggy but know MCB very well sustained growth opportunities Creek to Adelaide is the. 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