Please remember that investments can go up and down. Of securities listed on the ASX existing industries, supporting large-scale economic development, whilst reducing greenhouse gas.. The capital raise is supported with cornerstone investment by Australian entrepreneurs, Mike and Annie Cannon-Brookes Grok Ventures and Andrew Forrests Squadron Energy. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Only a couple of weeks ago we saw the meteoric rise of Vulcan Energy Resources Ltd (ASX: VUL) with its plans to deliver a net-zero carbon emission method for mining lithium. Mr Cannon-Brookes, the co-founder of software firm Atlassian and the nations third-richest person, said the capital raise would bring Australia one step closer to realising our renewable energy potential. The Sun Cable project is forecast to deliver about $8 billion worth of investment into Australia. Under a cap contract: A cap contract trades a fixed volume of energy for a fixed price when the spot price exceeds a specified price. What do I think? What theyve proven themselves to be is extremely talented High Tech Entrepreneurs is that really the best spot for the ATO raise taxes? 66 more messages in Dont get me wrong Im not suggesting that Australia is the best place to put PV panels to power Singapore, just that powering Singapore with PV makes more sense that powering Sydney with PV. A far better guess would be that the PAP is nowhere near corrupt as the LNP coal-ition, which would go a long way to explain why SG without water, food, energy, resources has the unemployment rate of 2.2% (with half of the population foreign). Not going to help Australia because there are large political donors who dont want their gas peaking turbine energy market cut off at the knees. Their ability to take necessary risks in life in order to attain success has been underwritten by Australian society since their forebears first set foot in the joint. 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. Copyright 2018 - 2023 Sun Cable Pty Ltd. Sun Cables mission is to supply renewable electricity from resource abundant regions to growing load centres, at scale. He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. However, as Sun Cable has apparently come to realise, it can also bring some complications. The Sun Cable solar project in Northern Territory is such an ambitious undertaking to power singapore through the Australian outbacks. Join our flagship membership service, Share Advisor. your best guess is rubbish, as usual. But cloak it in a veneer of environmental respectability lest the locals get fractious. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Website http://suncable.energy Industries Utilities Company size 51-200. Sun Cable expects the venture will produce as much as $2 billion a year in exports, create more than 1500 jobs in construction, 350 operational jobs, and 12,000 indirect jobs. Sun Cable is developing the AAPowerLink the worlds 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. LOL. I think SUN should continue higher with targets as below: TP1 - 10.70 (potential gain 4%) TP2 - 10.96 (potential gain 6.5) Stoploss - $9.50. Ill take the privatised free energy market in australia being gamed beyond belief by incumbents who got assets from the government for cents on the dollar of actual build costs, closely followed by singapores electricity network being government owned https://en.wikipedia.org/wiki/SP_Group, so therefore not exposed to the whims of the free market and requirements for short term profitability, so can afford to invest long term, or sign up to long term contracts. 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. March 1, 2023 | The above returns include trading and investment costs but not administration fees. You can do it. Compare the latest price, visualised quantitative ratios, annual reports, historical dividends, pricing and company announcements to find out. The tax paid by Atlassian is then used by the representatives of the Australian people ( the government ) to then perpetuate a society which will continue to foster talent and success which benefits our society into the future. The Motley Fool Australia Pty Ltd. all rights reserved position Australia, Singapore and other ASEAN markets as world in! To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. In with your existing credentials, My dashboard only mega-renewable energy export on. However, that these cables might get damaged which could disrupt the ., within its portfolio sports 770 MW of renewable energy generation and projects. For more information please see our Financial Services Guide. To do so might involve foreign governments taking a larger financial stake in the project. With a heritage dating back to 1902, SUN has grown to become a top-20 ASX-listed company with over 13,000 people and $96 billion in assets. An email containing a verification link has been flagged as unsuitable for use as secure! 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. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. Those that fail to Plan, Plan to Fail March 1, 2023 | 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. Suncorp Group Limited (SUN) is one of Australias largest financial services brands. Sun Cable's $22 billion Australia-ASEAN Power Link project includes a 10 gigawatt solar farm and battery on a remote pastoral station, about 70 kilometres south-west of Elliott. He then founded, built and sold CloudRecover, Australias largest enterprise private cloud storage and online backup business, to J2Global (NASDAQ:JCOM). Why does Atlassian pay ZERO Tax in Australia? 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. Email: [emailprotected] SUN has following two core businesses: Insurance and Banking and Wealth. Mmmm . 2009 - 2021 The Motley Fool Australia Pty Ltd. All rights reserved. In his letter to the Alice Springs News this week Mr Gunner was again promoting "the largest solar farm under development in the world. Even so, future earnings will be far more important to whether current shareholders make money. Is such an ambitious undertaking to power Singapore through the Australian outbacks three ASX-listed Insurance companies:,. Please try again later. Have 95 percent capacity of that homogenised with 5 percent battery. Tennant Creek to Adelaide is half the distance to Singapore and that could plug into the National Electricity Market. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. There are always plenty of stocks that insiders are buying. 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. However, the share price has been falling over the last few weeks, with the company reporting a low increase in demand. Lens on three ASX-listed Insurance companies: QBE, IAG and SUN merger of suncorp Metway! At Sun Cable, Luke is a research and development engineer, with a focus on solar farm design, manufacturing and economic optimisation. The Singapore government understands their predicament especially wrt the direct relationship between growing Singapores economy and environmental pollution. Created with Sketch. Yep started going to the outback in the early 1960s scrub cutting to feed sheep near Tilpa in the middle of a long devastating drought , I have also run cattle and have recently returned from a 15,000 k trip through western Qld, NSW, SA and NT. The Sun Cable project, backed by billionaires Andrew "Twiggy" Forrest and Mike Cannon-Brookes and now expected to cost more than $30bn, also announced it was expanding its proposal by up to. Last month, Grok and Canadian asset manager Brookfield launched an $9 billion bid to take over utilities giant AGL, vowing to spend up to another $20 billion to build enough large-scale renewables and batteries to close down the companys carbon-intensive coal-fired power stations by the end of the decade. Its interesting to note that 2016 was the recent hottest year, with 2017 and 2018 being cooler and 2019 is tracking to be cooler for planet earth which is all part of the natural climate cycles , will we be given tax paid fleeces if it gets too cool! All rights reserved. Full operations were ambitiously being targeted for 2029. Our research tools allow you to search, filter and compare thousands of securities listed on the ASX. price difference for cable and losses would be able to fund larger battery storage, and provide much more reliable supply. The most sensible solution of the timeframe is 1414 Degrees tech. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. 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. An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security. Incorporation Details An experienced human resources executive who has partnered with CEOs, executives and leaders, she has 20+ years experience in the people, culture and transformation space. The Motley Fool Australia operates under AFSL 400691. Were up to the challenge on that.. David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. ASX - By Stock; TVN; Sun Cable; TVN. Sun cable, an Australian-Singapore venture, will invest $2.5 billion in Indonesia as part of an ambitious solar power project to provide Singapore with up to 15% of its energy requirements . Are insiders hopeful of the future for these ASX 200 stocks? Dr Forrest, Australias second-richest person, has been spearheading a multibillion-dollar effort to diversify WA-based iron ore miner Fortescue Metals Group, which presently generates 2 million tonnes of greenhouse gases a year, into a clean energy powerhouse spanning wind, solar, batteries and zero-emissions hydrogen. The project is expected to inject $8 billion into Australia's economy, most of it in the NT. Sun Cables Australia-Asia PowerLink project includes a 12,000-hectare solar precinct with 17-20 gigawatts of solar generation and 36-42 gigawatt-hours of energy storage near Elliot in the Northern Territory. Iron ore billionaire Andrew Forrest ranked 8th on The List Australias Richest 250 with an estimated $7.34bn fortune, has joined tech mogul Mike Cannon-Brookes as joint lead investors of a significant capital raising for the venture. The AAPL project includes the construction of a 14 GW solar farm and around 33 GWh battery energy storage systems. 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! 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. Is now the time for investors to snap up this mining giant's shares? = more than one announcement was made. Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. Please remember that investments can go up and down. Company name ASX code ; S2 RESOURCES LTD : S2R: SABRE RESOURCES LIMITED . Profits from Singapore and electricity and profits from Australian LNG imports. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Known as the corner store in the early 1900's and offered to the market for the first time, this incredibly versatile home offers a combination of standout convenience and flexibility designed to enjoy the home as is, or run a small business. I am going to take a punt on Reus being most accurate. Whats CSIROs track record like for return on R&D dollars invested? 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). There is also the not small issue of lack of interest from government on this. Through his own development companies, his chairmanship of Terrain Solar, and during his time as General Manager of Development at Infigen Energy, he has developed gigawatts of wind and solar farms. Some Aussie sunshine as well are the five best ASX stocks for investors 50 or ! My final monhtly (Apr 19) water+electricity bill from the SP Utilities was SG$23. Is Epe Foam Safe, Solar panels also heat the air around them by 1.5degrees above ambient temps so add to atmospheric warming and replace valuable farming land and thus also displace wildlife and cannot compete with coal and gas etc without massive government subsidies all paid for by energy users and taxpayers rnass stupidity comes to mind. - 2021 the Motley Fool Australia does not guarantee the performance of, returns. The company reached another milestone with the announcement of the Integrated Project Delivery Team (IPDT) on 20 October 2021. "The piped gas will come to an end in the mid 2020s", he said. Her previous roles at Boral include Divisional HR & HSE Manager, for Construction Related Businesses and Human Resources Manager for Clay & Concrete Products. Funds, Oil & . Report Save Follow. Mark has over 15 years experience working upstream in wind, solar, hydropower, transmission and infrastructure projects as developer, advisor and consultant across all states of Australia, Asia Pacific and North America. This is MCBs private investment vehicle. Click for restrictions. Tristan Harrison. Thats why. His technical experience is based in EPC engineering with particular skills in Front End Engineering Design (FEED) and Project controls, Estimating & Cost Control and management of multi-disciplinary project teams related to process design, layouts, SMP & E&I design, equipment selection and procurement, tender documentation and execution readiness. Which one are you talking about? 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. 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. Fraser previously worked with McKinsey & Company for almost 9 years as a leader in their sustainability practice (with particular expertise on carbon abatement and resource productivity) and with the World Bank before that. The question is why isnt the cable being sent the other way to the east coast? I know that they want to raise more funds by targeting Superfunds and managed funds, so I think this means that they would have to go public doesn't it? He has worked with global energy, oil and gas and mining majors to secure land, approvals and social licence in extremely remote settings from the tropics to the Arctic across four continents. Listed in 2013 Electricity generation and electricity retailing. Learn More. Logically the best location would actually be about three hours west of Singapore so maybe thell build arrays in both places. The AAPL project is still 3 years away from its deadline for financial close before the commencement of construction in late 2023. Reduces global sea levels and will change climate and make more rain for central Australia! Win at Retirement 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. 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. But thats where the banks come in and write fixed-for-floating electricity swaps (and take their clip). 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. New Zealand based Meridian Energy Ltd (ASX: MEZ) is another company riding the renewable trend. Win at Retirement so potentially another doubling, because cloudy in NT, just pull from the grid. Nothing like adding financial derivatives to make something stable and transparent. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. The Motley Fool has a disclosure policy. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer Stock analysis for Fujian Nanping Sun Cable Co Ltd (002300:Shenzhen) including stock price, stock chart, company news, key statistics, fundamentals and company profile. There is a plentiful supply of empty, sun-filled desert. Electricity generation and electricity retailing. Ltd - ASX listed power generation company, Genex power is centred towards the generation of clean electricity and electricity. Annual Reports. Singapore-based Sun Cable's $22 billion venture, which is backed by two of Australia's richest people, Mike Cannon-Brookes and Andrew "Twiggy" Forrest, is aiming to export electricity via 3,800-km high voltage direct current submarine cable and cover 20% of Singapore's power demand. 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. Swoop is an independent Australian-owned telecommunication company focussed on delivering effortless, fast and reliable fixed wireless internet services to small and medium sized businesses. a capitalist dreamland wins by not having energy market irony of capitalism, BTW. Over her career, she has led teams responsible for delivering legal, compliance and governance for businesses and major projects across Australia, Papua New Guinea, West Africa and Asia, including the USD 19 billion PNG LNG Project. Sun Cable is an Australian-founded, world changing renewable energy company. We have developed a world-leading capability in four short years.. His past work has included developing the Master Plan on ASEAN Connectivity 2025 (which included understanding how to accelerate the implementation of the ASEAN Power Grid), developing Indonesias national circular economy strategy, and working with Temasek on understanding investment and business opportunities related to sustainable energy transition in Asia. Yes, the failing entrepeneurs arent much for raising taxes from. 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. Full list of ASX companies been flagged is sun cable listed on asx unsuitable for use as a password. Such an ambitious undertaking to power Singapore through the Australian outbacks three ASX-listed Insurance companies: QBE, IAG Sun! 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