Australia Approves $13.5B Solar Project to Power Singapore
Australia has given the green light to a massive A$20 billion solar project that aims to deliver energy to Singapore via a 4,300-kilometer undersea cable. The project, dubbed SunCable, is set to become the largest solar precinct in the world, generating enough energy to power three million homes and making Australia a global leader in green energy.
Setting a New Standard in Renewable Energy
The 12,000-hectare SunCable operation in Australia’s Northern Territory is backed by tech billionaire Mike Cannon-Brookes and is expected to provide four gigawatts of energy for domestic use, with an additional two gigawatts exported to Singapore. SunCable Australia Managing Director Cameron Garnsworthy stated that the project is targeting a final investment decision by 2027.
Renewables accounted for 32% of Australia’s total electricity generation in 2022, with coal at 47%, highlighting the country’s shift towards cleaner energy sources.
Stay tuned for more updates on this groundbreaking solar project that is set to revolutionize the renewable energy landscape in Australia and beyond.
Source: AFP, Reuters