Mike Cannon-Brookes Sun Cable venture has begun discussions with the federal governments $15 billion National Reconstruction Fund about support for a cable-manufacturing plant in Tasmania.
The venture, owned by the software billionaires Grok Ventures since an ownership shake-up forced by a decline into voluntary administration, is proposing to manufacture the specialist high-voltage cables it needs for its $40 billion solar power export project to Singapore.
Sun Cable would involve a massive solar farm in the Northern Territory.
The government fund, the Albanese governments primary vehicle to revive manufacturing, could provide equity or debt funding for the plant, which would also supply cabl…
Read the full article at: https://www.afr.com/companies/manufacturing/sun-cable-sounds-out-federal-government-fund-for-tasmania-solar-plant-20231110-p5ej4z