Sun Cable, the company proposing a multi-billion-dollar solar power export project, has entered voluntary administration.
The company, which boasts high-profile investors including billionaires Mike Cannon-Brookes and Andrew “Twiggy” Forrest, said it had made the “difficult decision” to enter administration but has appointed new voluntary administrators.
“The administrators intend to work with the company’s management team and key stakeholders to determine appropriate next steps for the business,” the company said in a statement.
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“This will likely involve a …
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