‘A very ambitious project’: Singapore regulator meets with Grok Ventures over SunCable
Energy Market Authority CEO Kok Keong Puah capped off his week-long trip in Australia by meeting with Mike Cannon-Brookes’ investment fund.
The head of Singapore’s energy regulator described Mike Cannon-Brookes’ $30 billion SunCable electricity export project as “very ambitious” ahead of a confidential meeting with owner Grok Ventures for an update on development.
Singapore Energy Market Authority (EMA) CEO Kok Keong Puah told Capital Brief that based on what has been submitted, the project is “actually possible” but highlighted it faces technical and feasibility challenges. Puah met with Grok Ventures on Friday.
SunCable proposes to build a 4,300 kilometre long sub-sea transmission cable to supply Singapore with 1.7GW of electricity from wind and solar farms proposed to be built in the Northern Territory.
Initial plans were derailed when SunCable entered voluntary administration in January 2023. The project was unable to attract financing after Grok Ventures and its former investment partner Andrew Forrest’s Squadron Energy fell out over the project’s scope and viability.
