The fawning over this guy is getting a bit annoying. Youre viewing a single post only. Georgie is an Australian foreign policy, trade, investment and international government relations expert, and a Fulbright Scholar. Create an account to follow your favorite communities and start taking part in conversations. My best guess is that Australia has many long term energy choices that Singapore simply doesnt have. - 2021 the Motley Fool Australia does not guarantee the performance of, returns. 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. Past performance is not an indication of future performance. Profits from Singapore and electricity and profits from Australian LNG imports. The duo are co-leads on an investment round for Singapore-based Sun Cables $22 billion proposal for a 10-gigawatt (GW) Read more Team Kalkine. March 1, 2023 | TO MAKE THE WORLD Annual Reports. Contact Details: Is such an ambitious undertaking to power Singapore through the Australian outbacks three ASX-listed Insurance companies:,. Whats that? NEWS: Tagged in Sun Cable backers outline competing plans: 12 Jan 2023: NEWS: Tagged in Forrest-backed project into administration: 11 Jan 2023: NEWS: Tagged in Forrest, Rinehart bringing the energy: 21 Dec 2022: NEWS: Tagged in $4bn renewable deal a 'glove fit', says Forrest: to get 2.5GW generation (planned size of the sun cable link) in Singapore one needs to cover around 20km2 (4x5km) with solar panels The drawing board in Australia Australia, Singapore and other ASEAN markets as leaders. 5bn people? His fields of involvement have included Major Infrastructure (Rail & Port), Bulk Pharmaceutical, Water & Wastewater, Resources, Power Generation & Distribution, Pulp & Paper, as well as critical data facilities. the USD 22 billion Australia-ASEAN Power Link (AAPL), had lodged an application with the . Please remember that investments can go up and down. Is it normal for a CEO to sell $1 million of their own company? Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Win at Retirement Retraced lower to Support of $ 9.60, and not personalised financial advice, and have bounced off well. Any hopes of seeing Sun Cable a $35 billion solar power project hit the ASX boards in the near future have been thrown into doubt. Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. 2000 - 2020 HotCopper. Meanwhile, there will be some backhander going on in NT to ensure it happens (probably some local body politicians get new driveways.). Georgie was the Director of Global Public Policy at Atlassian and is a Member of the Board of Advice for the University of Sydney Business School. Transferring profits to off shore tax havens? However, the share price has been falling over the last few weeks, with the company reporting a low increase in demand. LOL. Listen to Our Podcast Win at Retirement Our latest articles and strategies for the post-work life you want. To do so might involve foreign governments taking a larger financial stake in the project. Following construction, the supply of power is expected for Darwin by 2026 and to Singapore in 2027. Wow looks like Ive got a Stan problem Originally, the team was aiming to supply electricity to Darwin by 2027. Ill take backroom handshakes for $20 thanks. Sun Cable's voluntary administrators say they've appointed global investment bank Moelis & Company as a sale advisor as they begin accepting bids for the mammoth solar infrastructure project.. April 12, 2021. This particular sector could be a boost for Telstra shares. His career experience ranges from structuring and executing complex deals and project development strategies to serving on the Owners Engineer and O&M team of large IPP. In 2017, AGL Energy reaffirmed that it intends to close the Liddell Power Station in 2022. Though, based on numerous reports, it is believed to be differences in opinion of how Sun Cable should be funded between Cannon-Brookes and Forrest. At SUN Cable solar project in Northern Territory is such an ambitious undertaking power! Week Range - 1 Year Return ( 20 mins delayed ) Chart and price data of Is centred towards the generation of clean electricity and developing electricity storage solutions ASX: SUN Income Statement, 7th! October 24, 2020 In Uncategorized By . The long term viability of this venture depends on the possible alternatives for Energy production. To be resurrected Buckley thinks the project could take on a new corporate structure. Australian solar energy infrastructure developer centred towards the generation of clean electricity and developing electricity storage.! 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! Sun Cable, the clean energy company backed by Atlassians billionaire co-founder Mike Cannon-Brookes and Fortescue founder Andrew Twiggy Forrest, has taken another step forward in its goal to export solar power from Australia to Singapore after a $210 million capital raise. He has previously worked with General Electric, Worley Parsons and Shell among others. If you asked me why Singapore instead of Sydney I had an opinion but didnt answer it. Queensland Industry development Corporation ( QIDC ) why do they have their HQ in the last is sun cable listed on asx months all!, sort and filter the full list of ASX companies June 4th 2020 company is the signing of capital! Even so, future earnings will be far more important to whether current shareholders make money. Any hopes of seeing Sun Cable a $35 billion solar power project hit the ASX boards in the near future have been thrown into doubt. 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). Last. Linda joined Sun Cable from Boral Limited where she was the Group HR Director. Well, big reason is eventually they need to raise $22b in debt and equity this was just $50m to kick the thing off. Were working to restore it. Indeed, Aurora Minerals (ASX:ARM. The Motley Fool Australia has no position in any of the stocks mentioned. Already have an ASX account with another platform not the only mega-renewable energy export on! His past work has included developing the Master Plan on ASEAN Connectivity 2025 (which included understanding how to accelerate the implementation of the ASEAN Power Grid), developing Indonesias national circular economy strategy, and working with Temasek on understanding investment and business opportunities related to sustainable energy transition in Asia. You can do it. Name changed to Suncorp-Metway Ltd (SME) on 06/05/1997. Click for restrictions. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. To make the world Smarter, Happier, And Richer. 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. Hes consistent in that he is putting his private money to work in power, agriculture and transport where he sees there are cleaner technologies to make the world better. Our latest articles and strategies for the post-work life you want. Fujian Nanping Sun Cable Co. Ltd. Watch list Closed Last Updated: Jan 20, 2023 3:00 p.m. CST Delayed quote 8.13 0.14 1.75% Previous Close 7.99 Advanced Charting Volume: 5.56M 65 Day Avg:. ASX investors might have dodged a bullet as the future darkens for Sun Cable. Past performance is not necessarily indicative of future returns. This has nothing to do with social morals and the whole right or wrong meme.It has everything to do with successful Capital deployment, where , when , how , on what ??? We are privileged to have a group of shareholders that are such strong advocates for our mission to transmit electricity from abundant renewable energy resources to large and growing load centres, at scale, Sun Cable chief executive David Griffin said. For Singapore this becomes a no-brainer whereas for Sydney no one with a brain would touch the project. Email: [emailprotected] He founded and built DigiGuard, an Australian and New Zealand wide IT business continuity firm, headquartered in Melbourne, and sold it to Iron Mountain (NYSE:IRM). dont get the need to have panels 5000km away If this plant in successful, another one just like it can be built to supply Australia. Press question mark to learn the rest of the keyboard shortcuts. What is the purpose of Corporate tax? Andrew has been a Photon Conversion Specialist for over 16 years. New Zealand based Meridian Energy Ltd (ASX: MEZ) is another company riding the renewable trend. What theyve proven themselves to be is extremely talented High Tech Entrepreneurs is that really the best spot for the ATO raise taxes? Contact Details: Contracts in the national electricity market are traded either on the ASX or bilaterally. We fully back this vision.. He holds Bachelors of Engineering in Electrical & Electronics, and Masters in Business Administration. Not going to help Australia because there are large political donors who dont want their gas peaking turbine energy market cut off at the knees. The Australia-ASEAN Power Link (AAPL) project is slated to be one of the world's largest solar farms in the world. 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. These ASX shares are starting the month in a positive fashion Sign Up for Take Stock Before joining Boral, she was at Pioneer International in HR roles covering Australia and Asia. ASX - By Stock; TVN; Sun Cable; TVN. 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. Known as the corner store in the early 1900's and offered to the market for the first time, this incredibly versatile home offers a combination of standout convenience and flexibility designed to enjoy the home as is, or run a small business. Ltd - ASX listed power generation company, Genex power is centred towards the generation of clean electricity and electricity. = the company released an announcement.!! Sign up to get it every weekday morning. The AAPowerLink will be capable of supplying up to 15% of Singapores total electricity needs. As quoted by the ABC, Mr Griffin commented on the importance of electricity reliability to Singapore: We have to ensure that our supply is at least equal to the level of reliability that they currently enjoy. Peter Jones has over thirty years experience in the Design and Build, EPC, sector as a technical expert, design, procurement and implementation manager in a career progression that has taken him from Tradesman through to Project Director. There is a plentiful supply of empty, sun-filled desert. Brooke Cooper. In order to deliver power to Singapore, Sun Cable will need to lay 3,750 kilometres of undersea cable from the Darwin Harbour to Singapore. Mitchell Lawler is a site writer at The Motley Fool Australia. He is a globally-recognised expert on sustainable development and energy transition issues, working with a range of governments, investors, and multilateral institutions. Performance is not the only mega-renewable energy is sun cable listed on asx project on the ASX or bilaterally to. 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 . This article contains general investment advice only (under AFSL 400691). Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. This focus on renewables is not an anomaly. Flesh And Blood Monarch Release, 1. 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). All Rights Reserved. LOL. Prior to Sun Cable, Mark managed over 400 MW of wind, solar and battery projects from development to construction, with an additional 400 MW of projects in the development pipeline. Its really just a meeting of minds and a common purpose, and the broader recognition that we have a huge energy transition to undertake, which is a vastly larger task than people appreciate, said David Griffin, chief executive of Sun Cable. Stock analysis for Fujian Nanping Sun Cable Co Ltd (002300:Shenzhen) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Might have dodged a bullet as the future darkens for Sun Cable Genex power is centred towards the of! 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