The $35 billion solar power export venture Sun Cable is primed to ramp up efforts to attract government and private backers to meet its target of a final investment decision by early 2024, after it was deemed “investment-ready” by Infrastructure Australia.
It estimated that the project would cut the cost of electricity in Darwin by about 12 per cent, and improve quality of life by reducing greenhouse gas emissions. Those benefits were valued at $184 million and $3.15 billion, respectively. It is estimated the project will deliver $8 billion in investment in Australia and $2 billion in annual export revenues, starting in 2028, roughly the same as the dairy industry today.
Source: News Formal (newsformal.com)
What are the ecological impacts of this project? How will the solar panels be managed once they reach the end of the service life. How much government subsidies will used to support thus private project? Good to know
Why should clean energy finance get involved for solar farms for Singapore? They want to get gov subsidy NOT for our benefit
Must stay in Australian ownership, must invest profits into sovereign productive sustainable economic activity.