Sun Cable’s giant Northern Territory solar project gets $210m funding boost

Billionaires Mike Cannon-Brookes and Andrew Forrest’s investment accelerates company’s plans to explore similar plants in Australia and beyond

The $30bn plan to build a giant solar farm in northern Australia to power Darwin, Indonesia and Singapore has moved a step closer to reality with billionaires Mike Cannon-Brookes and Andrew Forrest contributing to a $210m capital raising.

The investment brings to about $250m the money raised to build a 17-gigawatt solar plant on a cattle property at Newcastle Waters, midway between Alice Springs and the Northern Territory’s capital.

Sign up to receive an email with the top stories from Guardian Australia every morning

Continue reading…

(SOURCE) https://www.theguardian.com/australia-news/2022/mar/14/sun-cables-giant-northern-territory-solar-project-gets-210m-funding-boost

Share:


Related Posts

Timber cities ‘could cut 100bn tons of CO2 emissions by 2100’

Environmentalists say replacing natural forests with wood plantations to realise shift in construction...

Drone technology gives us the eyes of gods. Could it help us save arctic seals? | Philip Hoare

Images of harp seals taken from hundreds of miles above show their plight....

Leave a Comment

Your email address will not be published. Required fields are marked *

Add Comment *

Name *

Email *

Website