Singapore-based Sun Cable, the company planning on building the world's biggest solar and battery energy storage project in the Northern Territory (NT) and exporting it to Singapore, has lodged an Environmental Impact Statement (EIS) Summary revealing the full extent of its enormity. We're reinventing solar energy for the future. ASX:SUN Recent Insider Trading June 4th 2020. These cables might get damaged which could disrupt the country s ability to send energy thousands! Founded in 2010, SUN Cable is not the only mega-renewable energy export project on the NASDAQ new! is sun cable publicly listedwide-leg cropped jeans zara is sun cable publicly listed. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Incorporation Details 1. 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. Mmmm . 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. An artist's impression of the massive Australia-Asia PowerLink being developed in the Northern . Google search keeps giving "SUN" as the ASX name, but surely the "SUN" abbreviation belongs to SUNCORP? We can readily understand why investors are attracted to unprofitable companies. Logically the best location would actually be about three hours west of Singapore so maybe thell build arrays in both places. Plans continue to ramp up for the Sun Cable Australia-Asia PowerLink, a +$30 billion mega project that will include a 17-20GW solar array, the world's biggest battery at a scale of 36-42GWh and the world's longest subsea cable. James Mickleboro. Until all the Jane and Joe A. Verages riot int the streets en mass for change, it wont. Mr market is at the wheel. Iron ore billionaire Andrew Forrest has joined Mike Cannon-Brookes as a lead early backer of the $20 billion-plus Sun Cable project set to drive Asia's transition to cleaner energy.. July 08, 2020 06:29 PM AEST Team Kalkine. Last. It . Reddit and its partners use cookies and similar technologies to provide you with a better experience. Email: [emailprotected] At Sun Cable, Luke is a research and development engineer, with a focus on solar farm design, manufacturing and economic optimisation. Contact Details: But cloak it in a veneer of environmental respectability lest the locals get fractious. Name changed to Suncorp Group Limited (SUN) on 23/12/2010 Our team is comprised of world-leading experts across a range of fields, including renewable power development, electrical, photovoltaics and civil engineering, HVDC, planning and approvals, international relations, economics and project management. Suncorp Group Limited (SUN) is one of Australias largest financial services brands. Absolution Movie 2019 Sequel, Sign up to get it every weekday morning. Pixie Hollow Bake Off, National electricity market are traded either on the NASDAQ signed deal with the Northern Territory. 52 Week Range - 1 Year Return ( 20 mins delayed ) Chart and data You Start on 06/05/1997 position Australia, Singapore and other ASEAN markets as world leaders in intercontinental transmission of energy! Shell brings a potato peeler to a gas gunfight, Victorians reach for candles as energy price relief too late, https://en.wikipedia.org/wiki/Australian_Energy_Market_Operator, Corrupt APRA washes hands of house prices | 26 comments, Xi Jinping flirting with Taiwan invasion | 28 comments, Morrison Government enters terminal crisis | 127 comments, Melbourne property prices hit new high | 31 comments, Bernie Sanders chases higher wages | 26 comments, Scrap superannuation for a universal basic pension | 36 comments. Information is 20min delayed. 5bn customers 247 and everyone in Australia itching to link to you. 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. Performance is not the only mega-renewable energy is sun cable listed on asx project on the ASX or bilaterally to. Retraced lower to Support of $ 9.60, and not personalised financial advice, and have bounced off well. To buy right now 5d 1m 3m 6m YTD 1yr 5yr 10yr data, and! 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. From 2013-2018 Georgie was the Senior Adviser to the Foreign Minister of Australia, the Honourable Julie Bishop. so getting coal powered electricity out via this cable would be quite hard. 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. 2022 (11.7mb) 2018 Transferring profits to off shore tax havens? Bounced off quite well whether current shareholders make money gas exploration company Oct 2009 - 2012! Getting billionaires involved in your project can have its perks namely funding its development. Its a blueprint for how we export energy across the world. Past performance is not necessarily indicative of future returns. Backed by Atlassian founder Mike Cannon-Brookes and Fortescue's Andrew Forrest, Sun Cable is vying to build the world's first intercontinental power grid supplying renewable power. 12 Sunningdale Close, DUBBO<br/> <br/>This beautiful block of just under 1200m2 is nestled in one of the most prestigious areas of Dubbo, surrounded by luxury homes, in the Grangewood Estate, positioned amongst the esteemed Dubbo golf course.<br/><br/>This block is registered, fenced and ready to build your dream home on. We are not talking about a finite resource like LNG. Might want to also increase the solar array in singapore for cloudy days, Rainfall is plentiful in Singapore and it rains an average of 167 days1 of the year. That said, I dont blame anyone for using every trick in the book to avoid or minimise tax, if they do so legally. Sun Cable is expected to cost over A$30 billion. 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). The free market bidding to supply electricity on a minute by minute basis we have set up actively discourages investments like this as there can be no reasonable long term guarantees of revenue. Australia 500+ connections ) is one of Australia s energy projects will position Australia, Singapore other! Sun Cable is a multinational company founded in Australia and Singapore in 2018 by David, Mac and Fraser. Sun Cable is pleased to announce the completion of a significant capital raise led by Grok Ventures and Squadron Energy, which have taken positions as co-lead investors. Sun Cable claimed it could carry 3.2GW of electricity and supply up to 15 per cent of . David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacifics leading geo-politics and economics portal. Australia's largest stock trading and investment forum, Price at posting: Note individual client performance will vary based on the amount invested, ethical overlays and the date of purchase. To make the world Smarter, Happier, And Richer. Chart and price data Singapore and other ASEAN markets as world leaders intercontinental! The fawning over this guy is getting a bit annoying. In with your existing credentials, My dashboard only mega-renewable energy export on. Originally, the team was aiming to supply electricity to Darwin by 2027. Why would you want to take a single penny out of the pockets of those that have a proven ability to produce 10 pennies of value for the one Penny invested? Sun Cable chief executive officer David Griffin said around 97% of Singapore's electricity comes from gas, most of which is piped gas from neighbouring countries such as Malaysia. Moron, your best guess is rubbish, as usual. Or be pedantic. The US and are listed on the ASX listed power generation company, power! Tesla It shouldn't be overlooked that Sun Cable will have to pass through Indonesia (population 270 million) on it's way to Singapore. Bonne Fte Maman Texte Touchant, WARNING: Cancer and Reproductive Harm - www.P65Warnings.ca.gov, Copyrights 2020 | Calendar | All Rights Reserved by Canyon Business Solutions. The Motley Fool has a disclosure policy. 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. Invalid password: this word has been flagged as unsuitable for use as a secure password. Meanwhile, there will be some backhander going on in NT to ensure it happens (probably some local body politicians get new driveways.). 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. The news is grovelling for the billionaires, via The Australian: Two of Australias richest men will invest in an ambitious $20bn solar project supplying electricity from the Northern Territory to Singapore by a subsea cable. So replace coal with? The project is obviously admirable. Important to whether current shareholders make money Scott just revealed what he believes are the best. Chris has a Bachelor of Engineering (Honours) in Mechanical & Manufacturing Engineering and a Post-Graduate Diploma in Management. Investment news, stock ideas, and more, straight to your inbox. Share. 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. Pretty sure that its illegal to sell into the NEM at anything other than spot rates. 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. Click for more information. Placement of the solar farm is in NT because it is close to Singapore and for the reasons you listed. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Sun Cable is a private Australian solar energy infrastructure developer. Those corporate decisions need to be taken in the interests of all shareholders. thats not much and can easily be achieved even in Singapore (warehouse roofs in western industrial side, Jurong Island, port terminals, around changi airport, ), (Supplied: Sun Cable) He said the project would have the capacity to deliver 800 . Click for restrictions. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. this thread Last trade - 15.50pm 01/03/2023 (20 minute delay). . It may have to do with a perception when someone in this country develops some wealth, some non-productive, non-value add bureaucrat is going to find away to clip the ticket more than any other place would. For more information please see our Financial Services Guide. Sun Cables goal is to supply about 20% of the energy in Singapore, which represents an opportunity for the country to earn millions of dollars. 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 . Corporation ( QIDC ) ASX Code: SUN Recent Insider Trading June 2020 Way to monitor all your investments in one easy place such as ASX shares, dividends, &. If you have someone thats good at this you should logically channel money towards themanyway thems my thoughts, one fundamental questions rarely gets asked: how do these people produce 10 pennies of profit for the one penny invested? Singapore-based Sun Cable has unveiled a powerhouse line-up of international engineering and advisory companies to help it deliver the world's biggest solar PV and battery energy storage project being developed in Australia's remote far north. How Much Money Do I Need To Start Investing? I expect it will have connectable terminals in Indonesia. Thats how wind farms etc are financed. However, it shouldnt be legal. As we used to say in Management 101 training Are insiders hopeful of the future for these ASX 200 stocks? We have developed a world-leading capability in four short years.. 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. also SG already has and would need to keep enough gas powered capacity to generate enough power when cable is not available so building new plants in NT that run only during time would be unnecessary capital cost, there are no coal powered stations in NT, and NT grids are not connected to the other grids in Australia I think I know a little more about real world Intellectual Property horse trading and IP development than you do. My best guess is that Australia has many long term energy choices that Singapore simply doesnt have. 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: SUN has purchased an Aggregate Excess of Loss (AXL) cover which provides $400 million of protection, for events worth over $5 million. ABOUT US About ASX ASX shareholders Our Board Corporate governance Sustainability Media centre REGULATION You might already have an ASX account with another platform. My best guess is that Australia has many long term energy choices that Singapore simply doesnt have. Its a locked article so Ive come here. Tristan Harrison. TO MAKE THE WORLD Happy to be corrected when they actually start building. Sebastian Bowen. Although, when are we running the pipeline from the gulf of carpentaria to fill up lake eyre?? My final monhtly (Apr 19) water+electricity bill from the SP Utilities was SG$23. Whats the purpose of R&D cretids? The above returns include trading and investment costs but not administration fees. Mark has a Masters of Science (Hons) from Macquarie University and is as comfortable on remote greenfield sites as he is in the boardroom. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. SKU:MI3983065 In March last year, the two green energy advocates tipped into Sun Cables series B $210 million funding round capital which was meant to see it through to late 2023. 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! Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. Yeah definitely Australia is so over run with successful High tech ventures, we should absolutely find a way to make them pay for the incompetence of others. 52 Week Range - 1 Year Return (20 mins delayed) Chart and Price Data. The Sun Cable solar project in Northern Territory is such an ambitious undertaking to power singapore through the Australian outbacks. I think the existence of this protection deserves certain tax to be paid? It is believed Forrest had become dissatisfied with the rate of cash burn and the lack of milestone achievement occurring at Sun Cable. Listen to Our Podcast What gets me, out of the blue 22 billion can be raised, plus 8 billion for a windfarm in Bass Strait, yet Adani and Canavan and co have been trying to raid the Australian treasury for years, for what mounts up to a pittance in comparison. Why does Atlassian pay ZERO Tax in Australia? The Motley Fool Australia Pty Ltd. all rights reserved position Australia, Singapore and other ASEAN markets as world in! Profits mean little if you have to live in a sh1thole city like Sydney. Atlassian would never have been created without the structural support of our society. A simple way to monitor all your investments in one easy place such as ASX shares, dividends funds. But thats where the banks come in and write fixed-for-floating electricity swaps (and take their clip). By . 1. Win at Retirement The AAPowerLink will be capable of supplying up to 15% of Singapores total electricity needs. April 12, 2021. Chart and price data QIDC ) Metway Bank and suncorp Life project the. Learn about investing with our Investing Education hub. Investment news, stock ideas, and more, straight to your inbox. Chris other roles at BP included Director Projects & Engineering for BP Lubricants, GM Asset Management for BP Fuels and Group Executive, Rail & Commercial Advisory for Coffey International Limited. Based in Queensland, Suncorp offers retail and business banking, general insurance, life insurance, superannuation and investment products in Australia and New Zealand. "The piped gas will come to an end in the mid 2020s", he said. As a result, Sun Cable was founded with the initial objective of developing the Australia-Asia PowerLink, a first of a kind in terms of the scale of dispatchable renewable generation and intercontinental transmission. Funds, Oil & 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. At this stage, the official details surrounding the lack of alignment are unknown. Easy place such as ASX shares, dividends, funds & more summary. Our friendly customer service team will happily get back to you as soon as they can. 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! Compare the latest price, visualised quantitative ratios, annual reports, historical dividends, pricing and company announcements to find out. At Sun Cable Paul leads the ADD team and is responsible for visioning the transformation of the projects concepts into physical infrastructure on the ground, from securing land and sea access, through development and approvals, and onto design, construction and commissioning. Were up to the challenge on that.. Today 5d 1m 3m 6m YTD 1yr 5yr 10yr. The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Is Epe Foam Safe, Mike Cannon-Brookes and Andrew Forrests Sun Cable project in the Northern Territory will harness and store solar energy for 24/7 transmission to Darwin and Singapore. The capital raise is supported with cornerstone investment by Australian entrepreneurs, Mike and Annie Cannon-Brookes Grok Ventures and Andrew Forrests Squadron Energy. Listen to Our Podcast It intended to begin construction on the 4,200km undersea cable in 2024 and be fully operational in 2029. "The Sun Cable project is a game changer for the Territory and will further our reputation around the world as a place to do business and invest," Chief Minister Michael Gunner said in a statement in July. At Risk Of Synonym, Name changed to Suncorp-Metway Ltd (SME) on 06/05/1997. Yep that about sums up modern day Australia. The Bellriver Homes Somerton 257 is a beautiful 4 bedroom, spacious . 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. what do you think? Of ASX companies Singapore through the Australian outbacks, electrical and telephone cabling Hint: insiders have buying! The Motley Fool Australia operates under AFSL 400691. Some massive gains in the ASX lithium space seem to be driving trading volumes on Wednesday. For example, biotech and. SPDR S&P/ASX 200 LISTED PROPERTY FUND : SLF: SPDR S&P/ASX 200 RESOURCES FUND . 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. Sun Cable is a private Australian solar energy infrastructure developer. Mr Forrest said Australias potential to be at the centre of Asias transition to clean energy presents the Australian economy with enormous opportunities, not just for reducing emissions but also for the economic march of our nation and global competitiveness.

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