Singapores approves SunCable's Australia-Asia PowerLink
Make us a preferred source
Make us a preferred source on Google
The news: SunCable has been granted conditional approval by the Singaporean government’s Energy Market Authority (EMA) to import green electricity via its flagship project, the Australia-Asia PowerLink (AAPowerLink).
The numbers: The AAPowerLink, which will transmit low-carbon energy from a new solar farm in Northern Territory to Singapore via an undersea cable, aims to supply up to 1.75 gigawatts, or 15%, of Singapore's total electricity needs.
This figure is in addition to SunCable's planned four gigawatts ring-fenced to power future green industries in Darwin.
SunCable, controlled by Atlassian co-founder and chief executive Mike Cannon-Brookes, has invested over $270 million across Australia, Singapore and Indonesia to support the development of the project.
The context: Singapore's EMA granted SunCable conditional approval, after determining that the AAPowerLink is "technically and commercially viable".
The AAPowerLink received its principal Federal Government environmental approval in August, and is advancing authorisations and approvals with the Northern Territory government and with Traditional Owners of the generation site. It is also progressing commercial offtake discussions with green industrial proponents in the Darwin region.
What they said: "Today’s announcement is a vote of confidence in the commercial and technical viability of our project,” said Mitesh Patel, interim CEO of SunCable International.
"Obtaining conditional approval means SunCable can move forward with the next phase of development and commercial activities and strengthening our partnership with Indonesia."
The source: SunCable media release
