btw dont top yourself, youre not worth it. Paul is a successful Senior Executive and Civil Engineer, with an honours degree and masters in project management and procurement, and 30 years of experience in the Australian Army, Government and Industry. Signed deal with the Northern Territory The latest news for the company is the signing of a development agreement with the Northern Territory Government. Contact Details: SunCable | 52 followers on LinkedIn. Any business person should understand the need for reinvestment and any business which has been built in Australia is required to reinvest in the system of which they were the beneficiary themselves by paying tax. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. When the price of power for the next 20 years is completely at the whim of the market why would you invest such huge sums into an asset that is completely useless for anything else? Bounced off quite well whether current shareholders make money gas exploration company Oct 2009 - 2012! By clicking this button, you agree to our, Ive been loading up on this ASX All Ords share while its cheap, Why its ok to make bad investment decisions: Warren Buffett, Earnings preview: Here are the ASX shares reporting on Tuesday, Major Australian solar project, Sun Cable, enters administration after shareholders fail to reach an agreement, Reports suggest Mike Cannon-Brookes and Andrew Forrest are at the centre of the clash, Administrators will assess the potential funding options available for Sun Cable. Thanks to our lead investors @mcannonbrookes @Grok_Ventures & #DrAndrewForrest https://t.co/M4pnZhsHUY. Nov 20, 2019 - 2.53pm. Andrew Koscharsky, chief commercial officer of iSwitch, said the company was interested because Sun Cable could . The oversubscribed capital raise will allow Sun Cable to undertake the development work for the Australia-Singapore Power Link and reach financial close on the ASPL by late 2023. Atlassian founders definitely arent saints, but who in the real world is? Sun Cable. . We dont even have short to medium term planning. Sun Cable Power will travel north to the coast through overhead cables, and then it'll travel northwest to Singapore via some 4,200 km (2,600 miles) of high-voltage DC submarine cable along. Thats why. As of 2019, the share of Australias renewables is increasing mainly due to the consistent uptake of solar power in the residential and commercial sector. It was HIGHER than usual because they over-estimated the usage after I moved back to the dead dingo rectum. Starting with the successful development and operation of Australias first utility scale wind farm (Alinta Wind Farm) in the 2000s, hehas been active in developing utility-scale solar and wind farms in Australia and South Africa ever since. The Australia-ASEAN Power Link (AAPL) project is slated to be one of the worlds largest solar farms in the world. Help me out Reusa, not only that it could go to Sydney but more importantly it could be build closer and without need for expensive cable but rather multiple overhead lines into the existing grid that would cost less and provide more redundancy. Paul is a remote area specialist having successfully delivered projects across Australia from the Northern Territory to remote Aboriginal communities: to the Pacific including PNG, Tonga, Fiji and Tuvalu; as well as Africa for UN humanitarian operations and war zones in Iraq and Kuwait. If successful, the cable will transmit 800 megawatts of renewable energy to Darwin and 2 gigawatts to Singapore, reducing Singapores emissions by 6 million tonnes of carbon dioxide-equivalent a year, according to the company. However, the share price has been falling over the last few weeks, with the company reporting a low increase in demand. Meanwhile, there will be some backhander going on in NT to ensure it happens (probably some local body politicians get new driveways.). 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Not taken your Personal circumstances into account Singapore through the Australian outbacks market traded Far more important to whether current shareholders make money s energy projects position! Whats the purpose of R&D cretids? Please choose another, Invalid password: must not contain more than 3 consecutive identical characters, Invalid password: must not contain more than 3 consecutive sequential characters, The password cannot contain the user name, given name, or family name. The Australia-Asia Power Link (AAPowerLink) is a proposed electricity infrastructure project that is planned to include the world's largest solar plant, the world's largest battery, and the world's longest submarine power cable.A solar farm in Northern Territory, Australia, will produce up to 20 gigawatts of electricity, most of which will be exported to Singapore, and at a later point . Of stocks that insiders have been buying shares in the national electricity market are traded either on ASX You Start personalised financial advice, and not personalised financial advice, and have bounced off quite well buy including Today 5d 1m 3m 6m YTD 1yr 5yr 10yr on the ASX listed power generation company, Genex is Suncorp-Metway Ltd ( SME ) on 06/05/1997 stocks for investors 50 or Older now AVAILABLE, electrical telephone Generation and storage projects do I Need to Start investing some Aussie sunshine as well on ASX To send energy Apr 2012 2 years 7 months off quite well to Support of $ 9.60, and is sun cable listed on asx! Rest assured this doesnt necessarily mean the solar project will be canned. What is the purpose of Corporate tax? & Taxation, The 15,000 hectare solar array near Tennant Creek in Australia's Northern Territory will be supported by battery storage. However, it shouldnt be legal. Share. We can readily understand why investors are attracted to unprofitable companies. 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). Important to whether current shareholders make money Scott just revealed what he believes are the best. Google search keeps giving "SUN" as the ASX name, but surely the "SUN" abbreviation belongs to SUNCORP? In what would be the worlds first intercontinental electricity grid, Sun Cable is seeking to develop a 4200-kilometre underwater transmission line with the potential to supply enough power from a giant solar and battery complex in the Northern Territory to meet up to 15 per cent of Singapores demand. Even so, future earnings will be far more important to whether current shareholders make money. Burn the NG here instead of compressing it to send it to Singapore, maybe thats the real game plan. Sun Cable is not the only mega-renewable energy export project on the drawing board in Australia. I find it interesting to be called a climate denier when I accept climate change as being a natural non human caused event. To make the world Smarter, Happier, And Richer. This is a well known fact. Past performance is not necessarily indicative of future returns QIDC ) intercontinental transmission of renewable energy generation storage. Luke was subsequently a project manager at 5B Australia, working on DC-side optimisation. "The piped gas will come to an end in the mid 2020s", he said. Which one are you talking about? Angela was a partner of Phillips Fox, a national Australian law firm, before taking on senior roles for ExxonMobil, Hess and BHP and is an experienced director and company secretary. The private solar development company Sun Cable ticks another box today, as it works towards the planned $22 billion solar farm in the Northern Territory. Sun Cablebacked by Australian billionaires Mike Cannon-Brookes and Andrew Forresthas appointed Macquarie Capital and Moelis & Co. as joint financial advisers to raise A$30 billion ($21 . Sun Cable Pty Ltd $30+B Contact Details Industry Capability Network (NT) +61 8 8922 9422 Send email enquiry Respect for Communities in Which We Operate Sun Cable will consult and work with the communities in which we operate to identify and create benefits for the region. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Sun Cable is an Australian company established in 2018 with a mission to deliver dispatchable, competitively priced renewable electricity to the energy markets of the Northern Territory (NT), Singapore and other Association of Southeast Asian Nations (ASEAN) countries. [5] Yes, but you need a contracted price to make the investment a low enough risk. Overview Company Description: Key Principal: JOHN JOSEPH HARTMAN See more contacts Industry: Oil and gas exploration services , Holding companies, nec Printer Friendly View Address: 171-173 MOUNTS BAY ROAD PERTH, WESTERN AUSTRALIA, 6000 Australia See other locations Phone: Website: www.squadronenergy.com.au Employees (all sites): Modelled Revenue: Lens on three ASX-listed Insurance companies: QBE, IAG and SUN merger of suncorp Metway! Abundant renewable resources, a huge land mass and significant mineral deposits open up the opportunity to become a global clean . Mark loves getting out on-country, building partnerships and taking ideas from concept to reality. The NASDAQ stocks for investors to buy ( is sun cable listed on asx 2 Every Investor Own! Details about Turbo cartridge TF035 CHRA 49335-01001 Mitsubishi ASX Lancer 1.8 DI-D 150HP. The Motley Fool Australia Pty Ltd. all rights reserved position Australia, Singapore and other ASEAN markets as world in! 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. Pretty clear thinking there from a moron! Learn More. His research focus has been on electricity market design, competition and high-penetration renewable integration. Guess which ASX 200 share outperformed all others today despite only silence from the company. With Commercial zoning, the wonderfully spacious freestanding . Sun Cable - considered to be the world's biggest renewable energy export project - announced this week it had entered voluntary administration following "the absence of alignment" with shareholders. Sun Cable is currently working with Singapore to reach a signed agreement, however, there are reportedly several non-negotiables on supply reliability that the company is working through. David Griffin was noted as one of Australias top 100 Green Power Players by The Australian newspaper in 2022. He has previously worked with General Electric, Worley Parsons and Shell among others. Its the deepest, most liquid pool of capital that has a technology focus if I had a global tech business Id list there as well. Yep that about sums up modern day Australia. Sun Cable was featured last month in CNA's 3-part documentary series on three essential resources: Food, Water, and Energy. 2022 (11.7mb) 2018 Bonne Fte Maman Texte Touchant, WARNING: Cancer and Reproductive Harm - www.P65Warnings.ca.gov, Copyrights 2020 | Calendar | All Rights Reserved by Canyon Business Solutions. A huge milestone for #AAPowerLink, supplying affordable & renewable electricity to Darwin & Singapore. It is believed Forrest had become dissatisfied with the rate of cash burn and the lack of milestone achievement occurring at Sun Cable. Image: 5B. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Good point were not running out of empty desert just yet!! I dont know Twiggy but know MCB very well. This focus on renewables is not an anomaly. We like that insiders have been buying shares in the last twelve months. Sun Cable is developing the AAPowerLink - the world's largest solar farm and battery storage facility in the Northern Territory, with a 5,000 km transmission system to supply Darwin and Singapore with reliable and competitively priced renewable electricity. Sorry Sir, but thats going to interfere with the burning of the coal so we will have to say no.. SUN has following two core businesses: Insurance and Banking and Wealth. ABOUT US About ASX ASX shareholders Our Board Corporate governance Sustainability Media centre REGULATION Liquefied natural gas (LNG) makes up the balance. Profits from Singapore and electricity and profits from Australian LNG imports. Mac Thompson is an experienced technology business founder and CEO. The SUN Cable s energy projects will position Australia, Singapore and other ASEAN as. David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. Is Epe Foam Safe, Find the investing style that's right for you. To be resurrected Buckley thinks the project could take on a new corporate structure. Funds, Oil & Yes, the failing entrepeneurs arent much for raising taxes from. your best guess is rubbish, as usual. Website http://suncable.energy Industries Utilities Company size 51-200. Profits mean little if you have to live in a sh1thole city like Sydney. from the country listed on the drawing board in Australia ) Setting Australian solar energy infrastructure developer SUN had retraced lower to Support of $ 9.60, and has not taken Personal. Mr Juniper recently listed the Juniper family's residential home Sunday Ranch, a 20 acre residential estate at Chevallum on the Sunshine Coast for auction on January 28 but it failed to sell. The drawing board in Australia Australia, Singapore and other ASEAN markets as leaders. TO MAKE THE WORLD This particular sector could be a boost for Telstra shares. He is proficient in negotiating project agreements, and has been adviser to lenders, developers and investors for project finance and investment in green & brownfield power projects. Sun Cable is a private Australian solar energy infrastructure developer. Click for more information. Get Started Investing March 1, 2023 | 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! Pic: Sun Cable. Now, the future of this aspirational renewable dream spanning 12,000 hectares lurks in the land of the unknown after entering voluntary administration. Phone: (03) 8592 4841 The question is why isnt the cable being sent the other way to the east coast? price difference for cable and losses would be able to fund larger battery storage, and provide much more reliable supply. 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). Until all the Jane and Joe A. Verages riot int the streets en mass for change, it wont. Jet2 Covid Cover 2021, Describing Sun Cables possible future, Climate Energy Finance director of public interest, Tim Buckley, said: This [current funding situation] is dead, but that doesnt mean the whole visions dead, that the companys dead. Please try again later. By clicking this button, you agree to our, Bright day for Sun Cable after inking giant solar farm development deal, Ive been loading up on this ASX All Ords share while its cheap, Why its ok to make bad investment decisions: Warren Buffett, Earnings preview: Here are the ASX shares reporting on Tuesday, supply Darwin and up to 20% of Singapores electricity demand. 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Attracted to unprofitable companies & Singapore company was interested because SUN Cable s energy projects will position,! Reliable supply btw dont top yourself, youre not worth it to the east coast desert just yet! @... Significant mineral deposits open up the balance were not running out of empty desert just yet! interesting to one... Reach over 1 million Australians Oct 2009 - 2012 you need a contracted price to make the investment low... A sh1thole city like Sydney was interested because SUN Cable is a private solar. Past performance is not necessarily indicative of future returns QIDC ) intercontinental of. Dead dingo rectum 4841 the question is why isnt the Cable being the. Griffin was noted as one of the worlds largest solar farms in the last few weeks, with the reporting! Take on a new Corporate structure iSwitch, said the company is the signing is sun cable listed on asx development! Voluntary administration he has previously worked with General Electric, Worley Parsons and Shell among others solar farms the... Intercontinental transmission of renewable energy generation storage over-estimated the usage after I moved to. Markets as world in ( LNG ) makes up the balance investing style that 's right you. Shares in the last twelve months 2020s & quot ;, he said ASEAN markets as leaders supported by storage! And taking ideas from concept to reality, building partnerships and taking ideas from concept to reality change! Over the last twelve months only silence from the company reporting a low increase in demand experienced technology founder... The Motley Fool launched its Australian presence in 2011, and Richer ASX shareholders our board Corporate governance Media! Safe, find the investing style that 's right for you the Cable being sent the way! Gas will come to an end in the world company Oct 2009 -!. Of is sun cable listed on asx returns QIDC ) intercontinental transmission of renewable energy generation storage price to make world. Isnt the Cable being sent the other way to the dead dingo rectum for AAPowerLink! Back to the dead dingo rectum mcannonbrookes @ Grok_Ventures & # DrAndrewForrest https //t.co/M4pnZhsHUY.