The Sun Cable project a multi-billion dollar initiative to export solar power from Australia to Singapore has entered voluntary administration. Chairman of the project, Mike Cannon-Brookes, says the board ultimately failed to reach a consensus on the future direction and funding structure of the company. Mr Cannon-Brookes, along with mining billionaire Andrew Forrest, were the…
DetailsSustainability Don’t miss out on the headlines from Sustainability. Followed categories will be added to My News. One of Australias largest renewable projects backed by prominent billionaires Andrew Twiggy Forrest and Mike Cannon-Brookes has collapsed. Renewable giant Sun Cable had proposed to build a $35bn solar farm in the heart of the Northern Territory, with…
DetailsJan 11 (Reuters) – Singapore-based clean energy start-up Sun Cable said on Wednesday it will enter voluntary administration, and appointed administrators to oversee the steps forward. The firm, chaired by Australian software mogul Mike Cannon-Brookes, said consensus on the future direction and funding structure of the company could not be achieved. (Reporting by Harshita Swaminathan;…
DetailsSun Cable, the developer of the worlds largest solar and battery project and backed by two of Australias most powerful energy players Andrew Forrest and Mike Cannon-Brooks has entered voluntary administration. It is not yet clear what this will mean for the companys hallmark project, the Australia-Asia PowerLink, though the companys executives appear optimistic. January…
DetailsImage source: Getty Images Ready to see some $0 balances? Key points You have options when it comes to paying off debt. Consolidating your debts involves using a personal loan or balance transfer credit card to pay them off, then paying that off. If you have good credit, prefer simplicity, and know you won’t charge…
DetailsIt depends on your financial situation. If youre someone with multiple loans and find it challenging to keep track of what bills are due and when. In that case, consolidating your debts into one loan can help. You could do this by taking out a debt consolidation personal loan, or consolidating the debt into your…
DetailsCory Turner, NPR: Yes, it’s really interesting, Geoff, because if you think about the difference between the president’s broad debt relief plan and the income-driven repayment plan they just unveiled, it’s the latter that will arguably help more borrowers looking forward into the future. This new plan would do a few things. As you mentioned…
DetailsWhy you keep seeing these sad-looking bikes around your city as company’s second attempt to crack the tricky Aussie market fails dismally Mobike Australia has gone into liquidation after a second attempt in Australia The company was founded in China in 2015 by a former technology journalist About 1600 of the firm’s bikes are abandoned…
DetailsVroon will sell 40 offshore support vessels to focus on tis tankers and livestock carriers (Vroon)Published Jan 10, 2023 5:11 PM by The Maritime Executive Dutch shipping group Vroon, which has been a family-run business for more than 130 years, has succumbed to financial pressures that were exacerbated by global events and economic pressures in…
DetailsThe Biden administration is pushing forward with another approach to tackling the student debt crisis while its main initiative, a plan to forgive up to $20,000 in student loans per borrower, remains mired in legal limbo. Even if the debt-forgiveness effort is struck down by the courts, the Department of Education’s Plan B could help…
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