Renewable energy developer SunCable has today (22 October) received conditional approval from the Singaporean government’s Energy Market Authority (EMA) to import renewable energy generated from solar PV via the Australia-Asia PowerLink (AAPowerLink) interconnector.
Sun Cable has closed a AU$210 million (US$152 million) Series B raise with their existing shareholders to fund the development of its Australia-Asia PowerLink (AAPowerLink) subsea cable project.
Two prominent Australian billionaires have thrown their financial clout behind an ambitious 10GW/20-30GWh solar-plus-storage project destined to supply power to Singapore via a submarine cable.