Australia Approves $19 Billion PowerLink Project
Australia Approves $19 Billion PowerLink Project
Australia Approves $19 Billion PowerLink Project
News summary

The Australia-Asia PowerLink project, spearheaded by Sun Cable, has received government approval to develop a 12,400-hectare solar farm in northern Australia, which will transmit energy to Singapore via an undersea cable. The project aims to produce six gigawatts of green electricity annually and is projected to create thousands of jobs while boosting Australia's economy. Environment Minister Tanya Plibersek hailed the initiative as pivotal for establishing Australia as a renewable energy superpower. After facing setbacks earlier this year with voluntary administration, the project was revitalized through acquisition by a consortium led by Mike Cannon-Brookes. SunCable is now focused on planning for a Final Investment Decision by 2027, which includes negotiating agreements with Indigenous landowners and regulatory bodies in Singapore and Indonesia. The project is expected to provide significant economic benefits, estimated at over AUS$20 billion during its first 35 years of operation.

Story Coverage
World's 'largest solar precinct' approved by Australian government
World's 'Largest Solar Precinct' Approved by Australian Government
World's 'largest solar precinct' approved by Australian government
alt
Barrons
$
Right
Australia Solar Hub
Bias Distribution
33% Left
Information Sources
166bc319-c612-4063-955b-1bdc4fec97ff7d392afd-d4f4-486d-9bb9-fb451611397db60ce1f8-69d4-4067-ad3a-6ac1b988f7c4
+1
Left 33%
C
Right 33%
Coverage Details
Total News Sources
6
Left
2
Center
1
Right
2
Unrated
1
Last Updated
30 days ago
Bias Distribution
33% Left
Related News
AI Assistant
Story Coverage
World's 'largest solar precinct' approved by Australian government
World's 'Largest Solar Precinct' Approved by Australian Government
World's 'largest solar precinct' approved by Australian government
alt
Barrons
$
Right
Australia Solar Hub

Related Topics

Subscribe

Stay in the Know, Subscribe to Our News

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News