Renewables investor Quinbrook Infrastructure Partners has confirmed its focus is on the onshore potential of Sun Cable’s estimated $35 billion (USD 22.76 billion) Australia-Asia PowerLink project that aims to deliver up to 800 MW of renewable energy into Darwin and export solar from Australia to Singapore via a submarine transmission link.
A consortium led by tech billionaire Mike Cannon-Brookes’ Grok Ventures and including green energy investment manager Quinbrook Infrastructure Partners has been successful in acquiring the giant $35 billion Sun Cable renewable energy project.
The Northern Territory government has granted the final approvals for Core Lithium’s BP33 underground lithium mine, part of the company’s ongoing operations in Darwin.
The shift from fossil fuels to renewables in Australia’s top end has taken a significant step forward with pre-commission testing having commenced on the 35 MW/35 MWh Darwin-Katherine Battery Energy Storage System that will support further uptake of solar among households and businesses in the Northern Territory.
The Northern Territory government has committed $12 million (USD 8.05 million) in its latest budget to accelerate the development of a “sustainable” industrial hub that will be largely powered by renewables as it looks to continue the overhaul of its electricity system.
Public housing tenants in the outback town of Alice Springs are set to share in the benefits of renewable energy with the Northern Territory government launching a rooftop PV and battery energy storage trial that will help inform the planning of future public housing builds and management of solar power on current stock.
Sun Cable’s troubled $30-plus billion (USD 20 billion) mega solar and storage project has received a welcome boost with resources company Tivan announcing it has penned a deal with the developer for the potential offtake of up to 300 MW of renewable electricity to support a planned critical minerals processing facility in the Northern Territory.
The sale of renewable energy developer Sun Cable, which is aiming to deliver the world’s biggest intercontinental solar and storage project in northern Australia, has received initial takeover offers from multiple investors, including prospective buyers that aren’t existing shareholders in the project.
Remote power system specialist Circular Solutions is poised to begin work on a new solar farm and battery energy storage system that will more than double the PV generation capacity at the small community of Wurrumiyanga on Bathurst Island off Australia’s northern coastline.
Two of Australia’s richest people are expected to be rivals in the bidding process for Sun Cable, the developer of what would be the world’s biggest intercontinental solar and energy storage project, with administrators indicating the sale process could be completed within three months.
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