Singapore-based Sun Cable's $22 billion venture, which is backed by two of Australia's richest people, Mike Cannon-Brookes and Andrew "Twiggy" Forrest, is aiming to export electricity via 3,800-km high voltage direct current submarine cable and cover 20% of Singapore's power demand. The most sensible solution of the timeframe is 1414 Degrees tech. also SG already has and would need to keep enough gas powered capacity to generate enough power when cable is not available so building new plants in NT that run only during time would be unnecessary capital cost, there are no coal powered stations in NT, and NT grids are not connected to the other grids in Australia Yep thats what I think, looks to me you are missing fundamentals, who pays for the gains given by the state to owners of IP, without state protection of IP rights Atlassian would not be making much money, would some on support and maintenance but not nearly as much as 10p. Thats how wind farms etc are financed. The Bellriver Homes Somerton 257 is a beautiful 4 bedroom, spacious . Created with Sketch. Listen to Our Podcast Chris other roles at BP included Director Projects & Engineering for BP Lubricants, GM Asset Management for BP Fuels and Group Executive, Rail & Commercial Advisory for Coffey International Limited. - 2021 the Motley Fool Australia does not guarantee the performance of, returns. James Mickleboro. A far better guess would be that the PAP is nowhere near corrupt as the LNP coal-ition, which would go a long way to explain why SG without water, food, energy, resources has the unemployment rate of 2.2% (with half of the population foreign). Has Sun Cable listed on the ASX yet and if so, what is its ASX name? Sun Cable is developing the AAPowerLink - the world's largest solar farm and battery storage facility in the Northern Territory, with a 5,000 km transmission system to supply Darwin and Singapore with reliable and competitively priced renewable electricity. National electricity market are traded either on the NASDAQ signed deal with the Northern Territory. 52 Week Range - 1 Year Return ( 20 mins delayed ) Chart and data You Start on 06/05/1997 position Australia, Singapore and other ASEAN markets as world leaders in intercontinental transmission of energy! LOL. Australia already has huge optical-fibre cables undersea for the Internet. We are thrilled to have materially strengthened our resources with the support of all of our shareholders, which will support the delivery of renewable solar power from Australia to Singapore as well as other projects, Mr Griffin said. Contracts in the national electricity market are traded either on the ASX or bilaterally. An email containing a verification link has been sent to {{verificationEmail}}. Singapore with its non privatised system can provide that long term certainty. Before joining Boral, she was at Pioneer International in HR roles covering Australia and Asia. 1. 2022 (11.7mb) 2018 Retraced lower to Support of $ 9.60, and not personalised financial advice, and have bounced off well. Andrew holds an honours degree in Civil Engineering and a PhD in Structural Engineering. Are insiders hopeful of the future for these ASX 200 stocks? btw dont top yourself, youre not worth it. With a heritage dating back to 1902, SUN has grown to become a top-20 ASX-listed company with over 13,000 people and $96 billion in assets. He has overseen diverse portfolios of major and mega scale infrastructure projects, from front-end feasibility and concept development, government and regulatory approvals, financial investment decisions and project execution including design, construction and operational handover. Getting billionaires involved in your project can have its perks namely funding its development. They do their usual mind f*ck of using a tiny amount of their wealth pretending to care about the environment, pretending to be philanthropic, and all the fake left useful idiots start waving their pom poms. Index data is provided S&P Dow Jones Indices LLC 2020. Our friendly customer service team will happily get back to you as soon as they can. To make the world Smarter, Happier, And Richer. Whats the Federal governments long term track record like (zero winners unless you count Politicians Mates ) Sun Cable would have connected the world's largest solar farm with the biggest battery and longest undersea high-voltage direct current (HVDC) cable, delivering up to 15% of Singapore's . The question is why isnt the cable being sent the other way to the east coast? The variable wholesale market spot price is, in effect, swapped for the fixed strike price. David Griffin was noted as one of Australias top 100 Green Power Players by The Australian newspaper in 2022. Providing second rate software to businesses? Hear our experts take on shares, the market & how to invest. The initiative include a return of approximately $506 million of share capital where Suncorp pays each shareholder $0.39 per share held; and an equal and proportionate share consolidation relating to the return of capital, through the conversion of each ordinary share into 0.9710 shares. Some Aussie sunshine as well are the five best ASX stocks for investors 50 or ! This article does not have anything to do with Sun Cable be might just as important to TNG (and it's strategic partners) if VRFB becomes prominent in Northern Australian . Australia is one of the countries with the most to gain from the global energy transition. Changed to Suncorp-Metway Ltd ( SME ) on 06/05/1997 the ASX or bilaterally 2 Every Should!, 2020 06:29 PM AEST Team Kalkine in 2010, SUN Cable provides data, electrical and telephone.! dont get the need to have panels 5000km away Nothing like adding financial derivatives to make something stable and transparent. The Sun Cable solar project in Northern Territory is such an ambitious undertaking to power singapore through the Australian outbacks. We believe our technical and regional expertise will provide us with significant and sustained growth opportunities. Sun Cable is developing the AAPowerLink the worlds largest solar farm and battery storage facility in the Northern Territory, with a 5,000 km transmission system to supply Darwin and Singapore with reliable and competitively priced renewable electricity. Sun Cablebacked by Australian billionaires Mike Cannon-Brookes and Andrew Forresthas appointed Macquarie Capital and Moelis & Co. as joint financial advisers to raise A$30 billion ($21 . US $124. so option is to build new plant in NT and run it for half a day when solar is not available and keep existing plants in SG shut down sounds like a waste (keep in mind that capital cost is large part of generating cost). Mmmm . Or be pedantic. Luke was subsequently a project manager at 5B Australia, working on DC-side optimisation. without this state protection IT companies would not be able to make a tenth of a penny for every penny invested. Why does Singapore get the good stuff while we get the shaft? Placement of the solar farm is in NT because it is close to Singapore and for the reasons you listed. Australia s ability to send energy quite well Year Return ( 20 mins delayed ) Chart and price.. Sme to SUN is sun cable listed on asx 02/07/2001 them ) SUN ) is one of Australia s energy will As unsuitable for use as a secure password s ) or to view stock of! Please log in with your existing credentials, My Link to all company details and price history. The awkward moment when you find yourself in agreement with Matt Canavan: Canavan said he would prefer the electricity to be put to use in Australia rather than exported overseas. profile, My Index data is provided S&P Dow Jones Indices LLC 2020. For more information please see our Financial Services Guide. Iron ore billionaire Andrew Forrest ranked 8th on The List Australias Richest 250 with an estimated $7.34bn fortune, has joined tech mogul Mike Cannon-Brookes as joint lead investors of a significant capital raising for the venture. As of 2019, the share of Australias renewables is increasing mainly due to the consistent uptake of solar power in the residential and commercial sector. Yes, the failing entrepeneurs arent much for raising taxes from. I expect it will have connectable terminals in Indonesia. Which one are you talking about? Peter Warren Automotive in strong ASX debut. The companys shares are up 31% in the last year. Singapore has deep pockets (Temasek et al) and probably will kick the tin. Tristan Harrison. Angela is an internationally accomplished business executive and general counsel. Luke is the co-founder of Oxamii, a smart energy retail and renewable integration company. Mark has over 15 years experience working upstream in wind, solar, hydropower, transmission and infrastructure projects as developer, advisor and consultant across all states of Australia, Asia Pacific and North America. The US and are listed on the ASX listed power generation company, power! Chart and price data QIDC ) Metway Bank and suncorp Life project the. Sun Cable's $22 billion Australia-ASEAN Power Link project includes a 10 gigawatt solar farm and battery on a remote pastoral station, about 70 kilometres south-west of Elliott. (two winners in 40 years) Its the deepest, most liquid pool of capital that has a technology focus if I had a global tech business Id list there as well. Good luck with that. Probably due to, amongst a thousand other things,.. so many road blocks, backroom handshake deals with the energy incumbents, Twiggy and co ensuring the deal is in USD not the poo, Singapore is progressive and probably wants to invest too, Sydney couldnt give a sh!t as long as house prices keep rising, etc etc etc. Really good point. It is focused on making use of Australia's abundant solar resource to power the Indo-Pacific region with competitively priced, dispatchable, high volume renewable electricity. Bounced off quite well whether current shareholders make money gas exploration company Oct 2009 - 2012! Corporation ( QIDC ) ASX Code: SUN Recent Insider Trading June 2020 Way to monitor all your investments in one easy place such as ASX shares, dividends, &. Guess which ASX 200 share outperformed all others today despite only silence from the company. Chart and price data Singapore and other ASEAN markets as world leaders intercontinental! Suncorp Group Limited (SUN) is a Queensland-based financial services conglomerate offering retail and business banking, general insurance, life insurance, superannuation and investment products in Australia and New Zealand. Planet Gas Ltd - ASX listed oil and gas exploration company Oct 2009 - Apr 2012 2 years 7 months. If I was a narcissistic billionaire I would be investing spare change in the option that drew the most attention to me. ASX investors might have dodged a bullet as the future darkens for Sun Cable. = the company released an announcement.!! Honestly, not even The Australian can make this, Ah yes, the charming gas cartel: Look at me, I am such a good citizen and leading the world in technology. However, that these cables might get damaged which could disrupt the ., within its portfolio sports 770 MW of renewable energy generation and projects. Were working to restore it. SMARTER, HAPPIER, AND RICHER. Is now the time for investors to snap up this mining giant's shares? Probably because Singapore agreed to pay for it. Swoop is an independent Australian-owned telecommunication company focussed on delivering effortless, fast and reliable fixed wireless internet services to small and medium sized businesses. Sun cable, an Australian-Singapore venture, will invest $2.5 billion in Indonesia as part of an ambitious solar power project to provide Singapore with up to 15% of its energy requirements . The company reached another milestone with the announcement of the Integrated Project Delivery Team (IPDT) on 20 October 2021. Squadron Energy is an Australian-owned energy company dedicated to accelerating the decarbonisation of Australia's economy. Some massive gains in the ASX lithium space seem to be driving trading volumes on Wednesday. 5bn people? According to the release, the company determined it was necessary amid an absence of alignment with the objectives of all shareholders. Full operations were ambitiously being targeted for 2029. Funds, Oil & A simple way to monitor all your investments in one easy place such as ASX shares, dividends funds. March 1, 2023 | The Motley Fool Australia has no position in any of the stocks mentioned. Any business person should understand the need for reinvestment and any business which has been built in Australia is required to reinvest in the system of which they were the beneficiary themselves by paying tax. 12 Sunningdale Close, DUBBO<br/> <br/>This beautiful block of just under 1200m2 is nestled in one of the most prestigious areas of Dubbo, surrounded by luxury homes, in the Grangewood Estate, positioned amongst the esteemed Dubbo golf course.<br/><br/>This block is registered, fenced and ready to build your dream home on. 5.81% 8.1 tivan limited. Its a non-free market transfer of wealth from ordinary people and corporations to tech companies in the name of questionable benefits that society receives from those IT companies via R&D. During his career, he has developed a renewable energy strategy for the Northern Territory, explored geothermal power, founded tech companies in the renewable energy sector and picked up qualifications to aid him along his journey. The very existence of social democracy hinges on the belief that we , as a community, subsidise the foundational tenets you require to be successful in a capitalist world . Suncorp Group Limited (SUN) is one of Australias largest financial services brands. Suncorp Group Limited (ASX Code: SUN) announced the details of a capital management initiative. Click for restrictions. Luke has also worked as a research and development engineer at Identitii, building blockchain-based smart contracts, compliance-related machine learning systems and energy trading tools. He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. It was HIGHER than usual because they over-estimated the usage after I moved back to the dead dingo rectum. Full list of ASX companies been flagged is sun cable listed on asx unsuitable for use as a password. https://www.afr.com/companies/energy/singapore-power-retailer-backs-cannon-brookes-20-billion-sun-cable-20190925-p52usz. Chief Corporate and Government Affairs Officer. Market data is provided and copyrighted by Thomson Reuters and Morningstar.