The Northern Territory government is downplaying concerns about the future of the$30 billion Sun Cable project, after the collapse of the company behind what would be the world’s largest solar farm.
Key points:
- The Sun Cable project would see power from a massive solar farm near Tennant Creek exported to Singapore
- The company says funding disagreements between shareholders have forced it into administration
- The NT government has cited the project in its plans for a $40beconomy
A dispute about project financing between the energy company’s two biggest shareholders billionaires Andrew “Twiggy”Forrest and Mike Cannon-Brookes is understood to be behind its move into voluntary administration.
It is the latest in a string of major economic project…
Read the full article at: https://www.abc.net.au/news/2023-01-12/nt-sun-cable-administration-downplayed-by-nt-government/101845318