Accusations fly in billionaire battle for Sun Cable

The gloves are off as tech titan Mike Cannon-Brookes and billionaire miner Andrew Forrest trade blows over Sun Cable.

The Forrest camp broke its silence to take aim at Mr Cannon-Brookes, and Sun Cable founders David Griffin and brothers Mac and Fraser Thompson. The shock collapse of the company behind the proposed solar power export venture to Singapore has triggered a war of words between two of Australia’s richest men ahead of a sale process for the company which will pit them on opposing sides.

The dispute between the Forrest camp, represented by Squadron, and Grok and the Sun Cable founders was brewing last year and blew up in December over the conditions of making available the final $60 million tranche ofSources within both camps point to missed hurdles that required variations to be agreed for the release of the funding, at which point differences between Grok and Squadron could not be overcome.

He said investments in 5B by major investors, including most recently British energy major BP, spoke to confidence in the technology. Meanwhile, the collapse of Sun Cable has further stoked scepticism in some quarters about the technical and economic viability of building the Australia-Asia PowerLink project, which would involve the world’s biggest solar farm, biggest battery storage plant and longest underwater power cable to Singapore.

Build a massive solar farm in Aus, run a conduit/power cable under the sea and export solar power. Or, put the fking solar panels in the country that wants the power. This green movement keeps coming up with the dumbest ideas at the highest price whilst telling us it’s cheap.

Old mate telling me climate change is an issue yet he can’t even run this power company

And the Australian tax payers will be left to pay for the loses, as usual. Blackout Bowen will be there to bail out his mates

Two shysters, don’t trust either of them.

What u did u expect ? The bottom line which governs ALL dealings with types like this is GREED : neither appear on the public stage as ‘ straight up front ‘ , especially the WA one , his dealing with the Chinese never been investigated and the other his behaviour with AGL

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Sun Cable collapses despite backing from Forrest, Cannon-BrookesThe company had won backing from billionaires for a $30 million mega-solar project that would export energy through a transmission cable to Singapore, but has been placed into administration. Lol Simple understanding of physics would have told them that this can never work. Why not sort out supplying Australia first? Cheaper than that cable!
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