Billionaire Mike Cannon-Brookes is making new progress on plans to export clean energy from Australia to Singapore through a 4,200-kilometer submarine cable after taking control of the stalled project.
Under a first stage, a vast solar farm in Australia’s Northern Territory — forecast by Grok to become the world’s largest — would deliver at least an initial 900 megawatts of electricity supply to local industry around Darwin and 1.7 gigawatts for export to Singapore.The project aims to subsequently add a further 3 gigawatts for Australian customers.
The initiative, which had an early price tag of A$30 billion , went into voluntary administration in January following a dispute between Cannon-Brookes and fellow billionaire Andrew Forrest, then also an investor.