Project plans to ship energy from giant solar farm in the country’s north to Singapore through 4,300 km undersea cable.
Sun Cable said it was in talks with Singapore’s energy regulator on the conditional approval for the project’s cable inter-connector component.
A final investment decision is expected in 2027 with electricity supply to begin in the early 2030s, according to Sun Cable. The approval comes as the centre-left government ramps up renewable energy projects, even as the opposition coalition proposes building nuclear plants to replace coal-fired power by 2050, in a country where nuclear power is currently banned.
“Sun Cable will now focus its efforts on the next stage of planning to advance the project towards a final investment decision targeted by 2027,” Sun Cable Australia managing director Cameron Garnsworthy said in a statement, which did not provide details of its financing plans. Australia is currently one of the world’s leading exporters of coal and gas, but has also been ravaged by the effects of climate change – from intense heat to floods to bush fires.
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