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Sun Cable
Energy
Saudi oil giant’s premier sponsorship raises eyebrows at Singapore energy conference
Aramco is the sole “SIEW Diamond Sponsor” this year, setting up a prominent exhibit at the venue while its president and CEO, Amin Nasser, spoke on the opening day.
October 23, 2024
Energy
S’pore grants conditional approval to Sun Cable to import 1.75GW of low-carbon power from Australia
Sun Cable’s Australia-Asia Power Link project involves laying a 4,300km subsea power cable connecting a solar farm in Australia’s Northern Territory to Singapore via Indonesian waters.
October 22, 2024
Global Economy
Briefs: Temasek mulling exit from Schneider Electric India venture; KKR, Hulic bid $2.7 bil for GIC's Tokyo skyscraper
In other news this week: Binance hiring 1,000 people as compliance spend tops US$200 million.
August 22, 2024
Environmental, Social and Governance
A $26.4 bil plan to export power to Singapore wins approval
The first phase consists of 4 gigawatts of solar panels, as well as an 800-kilometer overhead cable to Darwin.
August 21, 2024
Environmental, Social and Governance
Billionaires’ M&A fight ends with revival of solar export dream
The plan involves a 4,200-km long submarine cable to transport electricity to Asia from Australia
May 26, 2023
Sustainability
Tussling billionaires join chase for stalled Sun Cable project
Sun Cable entered into voluntary administration in January after Forrest withdrew support for a strategy backed by other investors
March 18, 2023
Sustainability
Collapsed $26.8 bil sun cable project receives multiple bids
Administrators will now seek to progress to binding proposals by the end of April and to complete a sale by the end of May.
March 15, 2023
Company in the news
Administrators to complete Sun Cable sale by May
Billionaire Andrew Forrest, an investor in Sun Cable, is among parties considering making an offer.
February 01, 2023
Sustainability
Singapore solar cable project wins lifeline to carry on building
This comes after a court in Sydney agreed to a sales process put forward by the project’s administrators on Wednesday.
January 26, 2023
Environmental, Social and Governance
Tech billionaire’s loan to keep solar export dream to Singapore alive
Billionaire Mike Cannon-Brookes’s Grok Ventures will provide a A$65 million loan
January 20, 2023