In what will clear a major hurdle, Sun Cable is expected to name the banks that will be tasked with delivering the remaining capital needed for financial close.
The Sun Cable project, which aims to start supplying clean power to Singapore in 2027 and has attracted worldwide attention, is close to naming its banking partners who will help deliver the investment needed to turn the $30 billion project into reality.
In what will clear a major hurdle, Sun Cable is expected to name the banks that will be tasked with delivering the remaining capital needed for the financial close.The Australian Financial Review Sun Cable wants to make use of Australia’s solar resources to power the Indo-Pacific region, capturing solar energy in Australia and transporting it north to Singapore.The Sun Cable project, formally known as the Australia-Asia Power Link, involves the construction of a vast solar array near Elliott in the Northern Territory, backed up with energy storage there, in Darwin and in Singapore.
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