The Sun Cable clean energy venture entered into voluntary administration on Wednesday following a clash between two of Australia’s richest men.
The $30 billion project aimed to create the worlds largest solar farm in the Northern Territory to power Darwin and export clean energy through the Australia-Asia Powerlink (AA Powerlink).
However, an argument between two of its billionaire and high-profile backers – Mike Cannon-Brookes and Andrew Twiggy Forrest – fatally jeopardised the company’s mission.
A statement by Sun Cable revealed that they had made the difficult decision to enter voluntary administration b…
Read the full article at: https://www.skynews.com.au/australia-news/sun-cable-goes-into-voluntary-administration-and-collapses-following-fall-out-between-billionaire-backers-andrew-forrest-and-mike-cannonbrookes/news-story/19e020e18e7550ee96d83c6551ad562e