The increased support from the founders of Atlassian and Fortescue Metals Group is a ringing endorsement of the daring project to export solar from the outback.
, leading a $210 million capital raising that should take the venture through to financial close in late 2023.
“We’re absolutely stoked to be able to have secured this capital raise, $210 million,” David Griffin, managing director of Sun Cable, told“[It is] a real tick of approval towards the successes we’ve had to date, and our path to delivering not just the Australia-Asia Power Link but ... now the accelerated development of our broader portfolio of projects and facilitating assets.
Mr Griffin said the war in Ukraine added to the drivers for the project, giving extra momentum to the push towards electrification, and away from fuels such as Dr Forrest said Sun Cable’s vision “will transform Australia’s capability to become a world-leading generator and exporter of renewable electricity, and enable decarbonisation”.
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