☀️ Australia’s Biggest RENEWABLES PROJECT Was Scrapped This Week, But There’s STILL HOPE! ☀️
Australia had a huge solar energy project in the works, which would’ve seen us become the leading renewable energy producers for the entire Asia Pacific. But, it all fell apart this week after a shareholder dispute. Here’s a rundown of Sun Cable, how it works and why there’s still hope for the project!
Sun Cable would’ve seen a massive solar farm in the Northern Territory generating power and exporting it via an underwater cable to Singapore. However, construction didn’t meet certain funding milestones and the company was forced to enter administration. Sun Cable hopes this will be an opportunity to attract new investors or potential buyers and ultimately save the project!