Renee Nowytarger/The Sydney Morning Herald via Getty ImagesMike Cannon-Brookes
’ Grok Ventures—has agreed to acquire the assets of Sun Cable, months after the project that was once touted as the world’s largest solar energy initiative went into liquidation amid shareholder disagreements. The transaction is expected to be completed by end-July this year, Sun Cable’s administrator FTI Consulting, said in a statement on Friday. Financial details weren’t disclosed. The agreement with Helietta concludes months of deliberations led by FTI Consulting and their advisers Moelis & Co.
The A$30 billion project—which involves plans to export solar-generated electricity from Australia to Singapore via a 4,200-kilometer undersea cable—was disrupted after
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