FINAL SC_220704_Media Release_Sun Cable appoints Macquarie and Moelis as Joint Financial Advisers

FINAL SC_220624_Media Release_Sun Cable’s Australia-Asia PowerLink deemed investment ready by Infrastructure Australia

SC_220607_Media Release_Sun Cable CEO David Griffin joins Prime Minister Anthony Albanese on the Australian Government’s international business delegation to Indonesia

Sun Cable has achieved a significant development milestone for the Australia-Asia PowerLink (AAPowerLink), having recently lodged the Environmental Impact Statement (EIS) with the Northern Territory Environment Protection Authority. This is a significant step towards supporting decarbonisation and realising opportunities for the Northern Territory’s economy and communities.

This will be assessed under the Northern Territory’s Environment Protection Act 2019 and an Accredited Assessment Process under the Commonwealth’s Environment Protection and Biodiversity Conservation (EPBC) Act.

The EIS details environmental, economic, social and cultural outcomes that may result from the AAPowerLink, both directly and indirectly. This includes the following areas.

Sun Cable has prepared an Environmental Impact Statement Summary with the key EIS impacts and mitigations for the AAPowerLink available here: AAPowerLink Environmental Impact Statement Summary

Sun Cable respectfully acknowledges the traditional custodians throughout Australia and pays respect to their elders past and present.

The EIS is on public exhibition from 20 April to 15 July 2022. The full EIS report is now available at Northern Territory Environment Protection Authority website: https://ntepa.nt.gov.au/consultation/open-consultations 

Sun Cable invites NT stakeholders and communities to provide feedback and engage with our Darwin-based team. Please email us at info@aapowerlink.sg

Sun Cable has completed a AUD210 million Series B capital raise with existing shareholders, Grok Ventures and Squadron Energy (a wholly owned subsidiary of Tattarang), to fund the development work of the Company’s marquee project, the Australia-Asia PowerLink. and accelerate the progress of the Company’s portfolio of multi gigawatt generation and transmission projects.

Sun Cable Series B Capital Raise Media Release

Sun Cable will participate in the Leaders’ Summit at COP26 in Glasgow, as part of the Australian Pavilion in the Blue Zone, at the invitation of the Australian Government. Sun Cable will showcase its vision – the opportunity for Australia to power the Indo-Pacific region by providing affordable, reliable electricity – generated in Australia and transmitted to growing cities and economies in Asia and the world.

At COP26, Sun Cable will meet with a range of representatives from foreign governments, the Australian Government, international organisations, financial institutions, suppliers, and other parts of the business community to progress the opportunities of building renewable energy infrastructure projects and building a new renewable energy electricity export industry.

Read more here:

SC-2021-11-01-Media Release-SC at COP26 – Final

Sun Cable welcomes Singapore Minister for Trade and Industry, Mr Gan Kim Yong’s announcement that Singapore will import up to 4GW of electricity by 2035, and we are pleased to announce that we are now open to expressions of interest from customers in Singapore who desire dispatchable zero emission electricity. We invite you to reach out to us at greenpower@suncable.sg.
 
Sun Cable will also be launching our research into the possibility of expanding the Asia-Pacific’s grid interconnection to support regional lowering of emissions tomorrow, 27 October, at the Asia Clean Energy Summit as part of the Singapore International Energy Week. We are excited to share these findings here.

On the 20th of October 2021, Sun Cable announced the appointment of an expert, global consortium to deliver the Australia-Asia PowerLink project. The world leading team includes Bechtel, Hatch, Marsh, PwC Australia and SMEC (Surbana Jurong Group). This is a very important development milestone for the AAPowerLink project.

The Indonesian Government supports investment from the renewable energy infrastructure project Australia-Asia PowerLink to support economic growth.

23 September 2021 – A significant milestone was achieved for the Australia-Asia PowerLink as Sun Cable announced a long term partnership with the Indonesian government. This includes a USD2.5 billion investment into Indonesia, knowledge sharing with Indonesian academic institutions and the Indonesian government recommending a route for the subsea cable from Darwin to Singapore. There was in person attendance from Luhut Binsar Pandjaitan, The Coordinating Minister of Maritime Affairs and Investment for Indonesia, Her Excellency, Australian Ambassador to Indonesia, Penny Williams, and online attendance from CEO of Sun Cable, David Griffin.