This makes no sense at all:
Sun Cable, the developers of what will be the world’s biggest solar and battery storage project, have named tech billionaire Mike Cannon-Brookes as the company’s new chair, in the latest boost to the massive venture’s momentum.
The company told RenewEconomy that Cannon-Brookes has been chair since 18 July, and that it always intended to appoint a chair as the company grew.
The Australia-Asia PowerLink proposes to build up to 20GW of solar near Elliott in the heart of the Northern Territory, and 42GWh of battery storage, providing clean energy for new Darwin green industry and to Singapore through a 4,200km sub-sea cable.
At a bare minimum, Mike Cannon-Brooks should be forced to reserve 20% of his SunCable power into the National Electricity Market.
It’s only 1000km to the northern reaches of SA’s NEM network. The capex costs to run the cable south as well are an afterthought.
The NEM uses much more polluting coal versus lower-emissions gas in Singapore, so it would be much better for the environment.
The Singapore electricity price is about double Australia’s but there’s plenty of margin to go around. By the time the power leaks all the way there it may even be more profitable to supply Australia.
I’m all for forcing the early closure of Australian coal plants at AGL and everybody else, but how about replacing them as well?
20GW is almost one-third of the capacity of the entire NEM!
