World News

World News21.08.2024

Australia greenlights US$13.5B project for solar power export to Singapore

QAZAQ GREEN. Australia announced the approval of a massive A$20 billion (US$13.5 billion) solar project, which aims to transmit energy from a vast solar farm in the country’s north to Singapore via a 4,300km undersea cable.

According to a press statement issued by SunCable, a final investment decision is anticipated in 2027, with electricity supply projected to commence in the early 2030s.

The statement mentioned the firm will be investing further in communities in the Northern Territory, Singapore and Indonesia to progress the next phase.

SunCable is also in discussions with Singapore’s energy regulator regarding the subsea cable inter-connector component and with the Indonesian government about constructing the cable within its waters.

The company stated that over two stages of development, the AAPowerLink project aims to deliver up to 6GW of continuous green electricity to large-scale industrial customers in both Darwin and Singapore through the 4,300km subsea cable.

The AAPowerLink can create multiple new export industries for Australia by enabling new green industrial development in the Northern Territory, and via subsea transmission of renewable electricity.

The project will support an average of 6,800 direct and indirect jobs for each year of the construction phase in the Northern Territory, with a peak workforce of 14,300.

 

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