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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Sun Cable’s giant Northern Territory solar project gets $210m funding boost

Sun Cable Australia Andrew Forrest Guy Debelle Mike Cannon-Brookes David Griffin
A solar power farm at sea, off Singapore's northern coast.
A solar power farm off Singapore's coast. Sun Cable’s solar farm project in northern Australia aims to power Darwin, Indonesia and Singapore. Photograph: Roslan Rahman/AFP/Getty Images

The $30bn plan to build a giant solar farm in northern Australia to power Darwin, Indonesia and Singapore has moved a step closer to reality with billionaires Mike Cannon-Brookes and Andrew Forrest contributing to a $210m capital raising.

The investment brings to about $250m the money raised to build a 17-gigawatt solar plant on a cattle property at Newcastle Waters, midway between Alice Springs and the Northern Territory’s capital.

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