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The Latest Breaking News from Sun Cable

Multi-billion dollar Sun Cable facility planned for Tasmania

Sun Cable plans to build the Southern Hemisphere's first advanced subsea cable manufacturing facility in Tasmania, which the state government expects will inject more than $1 billion into the local economy. The firm’s desired development timeline would see construction on the facility begin in 2025, with operations to follow in…

InnovationAus

Climate change will affect solar power and grid stability across Australia – here's how

Renewable electricity generation is at record levels in Australia. Renewables produced 36% of the nation’s electricity in 2022. Solar photovoltaics (PV) had the highest renewable contribution (about 15%) and are expected to keep growing in coming years.

The Conversation

Sun Cable: Mike Cannon-Brookes takes charge of ‘world-changing’ solar project

Billionaire says renewables will drive Australia’s next commodities boom as his Grok Ventures finalises acquisition

The Guardian - AU

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Albanese government knew ‘sustainable’ Darwin harbour project would be used for gas export, documents show

Briefing materials show the gas industry will benefit from proposed Middle Arm development, which has $1.5bn in federal backing

The Guardian - AU

Mike Cannon-Brookes wins control of Sun Cable solar project from Andrew Forrest

Entrepreneur says plan to send renewable energy to Singapore from Northern Territory a ‘nation-building project for Australia’

The Guardian - AU

Sun Cable deal a game-changer for solar power

A consortium led by Mike Cannon-Brookes' Grok Ventures says Sun Cable has the potential of being a nation-building project for Australia.

The New Daily

Sun Cable a 'big swing': winning bidder Cannon-Brookes

Mike Cannon-Brookes says it is "time to stretch our country's ambition" after winning the bidding for the massive Sun Cable energy project.

AAP

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Sun Cable: Mike Cannon-Brookes wins control of mega solar project after fall-out with Andrew Forrest

Billionaire Mike Cannon-Brookes claims control of the controversial Sun Cable solar export project, winning a bidding war after falling out with his former project partner, Andrew Forrest.

ABC News

Cannon-Brookes, Quinbrook said to win Sun Cable bidding

Mike Cannon-Brookes' Grok Ventures, Quinbrook Infrastructure Partners and an overseas partner have won the bidding for Sun Cable, AAP has learned.

AAP

Sun Cable: Why Australia's two richest men are battling to control an unbuilt solar farm

Mike Cannon-Brookes and Andrew "Twiggy" Forrest used to be lead investment partners on the $30 billion Sun Cable project. Now, they're bidding against each other to control it in a closed-door process close to resolution.

ABC News

Big Twiggy-backed promotion for ex-NT chief minister

A key multi-state division of Fortescue Future Industries will be headed by, former NT chief minister Michael Gunner.

AAP

Collapsed $35bn solar export venture attracts multiple bids

Several bidders are circling Sun Cable, the collapsed company behind a $35 billion project to export solar energy from the Top End of Australia to Singapore using an undersea transmission cable later this decade. Sun Cable entered voluntary administration earlier this year after the billionaire backers behind the Australia-Asia PowerLink…

InnovationAus

'Strong interest' for Sun Cable mega-project

FTI Consulting says parties beyond Andrew Forrest and Mike Cannon-Brookes have expressed interest in buying the mammoth solar project known as Sun Cable.

AAP

Moelis & Co appointed advisors to Sun Cable sale

The voluntary administrators to Sun Cable say the sale process has commenced for the $30 billion solar project, with binding proposals due by the end of April.

AAP

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AAP

Sun Cable shines with $65m lifeline

The collapsed Sun Cable solar farm project is poised for a new dawn with a $65 million interim funding offer from one of its billionaire investors.

ABC News

Sun Cable demise shows renewable energy mega projects 'really hard'

The collapse of billionaires' plans to export solar power from northern Australia to Singapore highlights the challenges facing mega renewable energy projects, experts say.

AAP

'Strong interest' in Sun Cable

The voluntary administrators for Sun Cable plan to have the company sold or recapitalised within months, with Andrew Forrest confirming he'll bid for it.

ABC News

Sun Cable's solar project is in voluntary administration. Why has it happened, and what does it mean?

The company behind a visionary solar project backed by two of Australia's richest men entered voluntary administration last week. We explain what that means.

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Newcastle Herald

The fancy-dress premier, the careless president and the warring billionaires

Reputations on the line in a week of 'pairs'

The Conversation

The A$30 billion Sun Cable crash is a setback but doesn't spell the end of Australia's renewable energy export dreams

Sun Cable – considered to be the world’s biggest renewable energy export project – announced this week it had entered voluntary administration following “the absence of alignment” with shareholders.

AAP

Minister talks up a new dawn for Sun Cable

A collapsed renewable solar energy plan to export electricity from the NT to Singapore still has enormous potential, Energy Minister Chris Bowen says.

ABC News

Northern Territory government downplays Sun Cable's voluntary administration as list of troubled major projects grows

As a breakdown between billionaire investors threatens one of the Northern Territory's brightest economic hopes, the NT government insists it and other major projects will still go ahead.

InnovationAus

$35bn solar power export venture Sun Cable collapses

Sun Cable, the company developing one of the world’s biggest solar and battery projects, has abruptly entered voluntary administration, with the future of the $35 billion proposal now uncertain. The company behind the Australia-Asia PowerLink (AAPowerLink) project announced the “difficult decision to enter voluntary administration” on Wednesday after what it…

AAP

Billionaire-backed Sun Cable collapses

A company funded by billionaires Andrew Forrest and Mike Cannon-Brookes that planned to build the world's biggest solar project has gone into administration.

ABC News

Sun Cable collapses after dispute between billionaire investors Andrew Forrest and Mike Cannon-Brookes

Sun Cable, the company behind a massive solar farm and power export project planned for the Northern Territory, has appointed administrators amid disagreements between Andrew Forrest and Mike Cannon-Brookes.

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