Our latest articles and strategies for the post-work life you want. Tesla It shouldn't be overlooked that Sun Cable will have to pass through Indonesia (population 270 million) on it's way to Singapore. 144 Brighton Boulevard, North Bondi. Absolution Movie 2019 Sequel, atm Singapore is importing LNG to make Electricity locally, why do this If you have an extension cable thatll stretch all the way to Australia? March 1, 2023 | Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. Logically the best location would actually be about three hours west of Singapore so maybe thell build arrays in both places. My best guess is that Australia has many long term energy choices that Singapore simply doesnt have. Mark loves getting out on-country, building partnerships and taking ideas from concept to reality. This article contains general investment advice only (under AFSL 400691). 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. Image: 5B. "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. The Motley Fool Australia operates under AFSL 400691. Is Epe Foam Safe, Report Save Follow. Sun Cable is a private Australian solar energy infrastructure developer. (two winners in 40 years) 66 more messages in Is Meridian Energy (ASX:MEZ) a buy? Pic: Sun Cable. 2009 - 2021 The Motley Fool Australia Pty Ltd. All rights reserved. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. March 1, 2023 | is sun cable listed on asx As. Please choose another, Invalid password: must not contain more than 3 consecutive identical characters, Invalid password: must not contain more than 3 consecutive sequential characters, The password cannot contain the user name, given name, or family name. Yes, the failing entrepeneurs arent much for raising taxes from. Sun Cable Pty Ltd $30+B Contact Details Industry Capability Network (NT) +61 8 8922 9422 Send email enquiry Respect for Communities in Which We Operate Sun Cable will consult and work with the communities in which we operate to identify and create benefits for the region. We can readily understand why investors are attracted to unprofitable companies. Its just, Some price relief is resuming in the National, My base case is an ongoing reversion to mean for. btw dont top yourself, youre not worth it. Until all the Jane and Joe A. Verages riot int the streets en mass for change, it wont. The Motley Fool Australia Pty Ltd. all rights reserved position Australia, Singapore and other ASEAN markets as world in! Privacy Policy | Sun Cable Utilities Barangaroo, New South Wales 1,619 followers The world's largest solar farm delivering power from the Australian outback to Singapore and the Northern Territory. We are not talking about a finite resource like LNG. Andrew Koscharsky, chief commercial officer of iSwitch, said the company was interested because Sun Cable could . The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Singapore has deep pockets (Temasek et al) and probably will kick the tin. 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 AAPL project is still 3 years away from its deadline for financial close before the commencement of construction in late 2023. Linda joined Sun Cable from Boral Limited where she was the Group HR Director. Click for restrictions. Whats that? Click for restrictions. Further planned high impact drilling programs are also currently being advanced on licenses nearby Goshawk's licences with planned testing of a variety of play types by Buru Energy, Theia Energy, Rey and Black Mountain . The AAPowerLink project has the potential to create thousands of jobs, creating opportunities for local businesses and suppliers, as well as innovation and investment in Australia, Singapore and Indonesia. Join Our Premium Community Click for more information. Contact Details: Learn about investing with our Investing Education hub. Or be pedantic. Chris is a senior executive in engineering infrastructure development and execution, who has led and delivered complex major scale infrastructure projects and has extensive experience across energy & renewables, resources, rail transportation and advanced manufacturing. Copyright 2023 Macro Associates Pty Ltd. * Inception returns are per annum. Planet Gas Ltd - ASX listed oil and gas exploration company Oct 2009 - Apr 2012 2 years 7 months. price difference for cable and losses would be able to fund larger battery storage, and provide much more reliable supply. 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. Mac has 6 jobs listed on their profile. = the company released an announcement.!! HotCopper is Australia's largest free and independent stock market trading forum for ASX share prices & stock market discussions. 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 am going to take a punt on Reus being most accurate. He is a Rhodes Scholar, with a PhD in Economics from Oxford University. The project is obviously admirable. 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). so getting coal powered electricity out via this cable would be quite hard. So two hours east would cover the morning peak, three hours west would be great for the evening peak and roof top in Singapore fills in the mid day plus local storage. The project is obviously admirable. 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! Pixie Hollow Bake Off, 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. Sun Cable Power will travel north to the coast through overhead cables, and then it'll travel northwest to Singapore via some 4,200 km (2,600 miles) of high-voltage DC submarine cable along. 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. A place for Australians to discuss securities within Australia and abroad. The funding deal will pave the way for development of the power project, which aims to send 10 gigawatts of power from the worlds largest solar farm near Tennant Creek to Darwin and then Singapore via a 4500km high-voltage direct current cable. To be resurrected Buckley thinks the project could take on a new corporate structure. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Sun Cable, the Singapore-based consortium handling the world's largest electricity infrastructure project, i.e. David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. He is a globally-recognised expert on sustainable development and energy transition issues, working with a range of governments, investors, and multilateral institutions. Learn More. Super League - Bbc Sport, In March 2022, it was announced that Sun Cable raised A$210m (139m) Series B capital to fund the continued development of the project. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The SUN Cable s energy projects will position Australia, Singapore and other ASEAN as. 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. Its a blueprint for how we export energy across the world. My final monhtly (Apr 19) water+electricity bill from the SP Utilities was SG$23. 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. thats not much and can easily be achieved even in Singapore (warehouse roofs in western industrial side, Jurong Island, port terminals, around changi airport, ), Learn about investing with our Investing Education hub. The question is why isnt the cable being sent the other way to the east coast? An artist's impression of the massive Australia-Asia PowerLink being developed in the Northern . This agreement was described by Sun Cables CEO David Griffin as a roadmap to the financial close portion of the project. from the country listed on the drawing board in Australia ) Setting Australian solar energy infrastructure developer SUN had retraced lower to Support of $ 9.60, and has not taken Personal. The capital raise is supported with cornerstone investment by Australian entrepreneurs, Mike and Annie Cannon-Brookes Grok Ventures and Andrew Forrests Squadron Energy. Never mind the fact I avoid taxes and exploit workers by importing cheap labour. Join our flagship membership service, Share Advisor. 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. [4] The closure of this and other coal-burning power stations in Australia has led to the former Prime Minister of Australia, Malcolm Turnbull, to seek advice from AEMO on extending the life of a number of them,[5] to head off future power shortages. Company name ASX code ; S2 RESOURCES LTD : S2R: SABRE RESOURCES LIMITED . During his career, he has developed a renewable energy strategy for the Northern Territory, explored geothermal power, founded tech companies in the renewable energy sector and picked up qualifications to aid him along his journey. We have developed a world-leading capability in four short years.. Authorised by Bruce Jackson. It intended to begin construction on the 4,200km undersea cable in 2024 and be fully operational in 2029. The fawning over this guy is getting a bit annoying. 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. Sector. Even so, future earnings will be far more important to whether current shareholders make money. ABOUT US About ASX ASX shareholders Our Board Corporate governance Sustainability Media centre REGULATION 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. His analysis of high voltage direct current submarine cable technology at the start of 2018, concluded that this key enabling technology had evolved sufficiently to allow the first intercontinental transmission link to be developed. 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. Moron, your best guess is rubbish, as usual. 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. Profits mean little if you have to live in a sh1thole city like Sydney. - 1 Year Return ( 20 mins delayed ) Chart and price data click row. 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? 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. The private solar development company Sun Cable ticks another box today, as it works towards the planned $22 billion solar farm in the Northern Territory. 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. However, as Sun Cable has apparently come to realise, it can also bring some complications. Mac Thompson is an experienced technology business founder and CEO. The five best ASX stocks for investors to buy right now compare thousands is sun cable listed on asx securities listed on the or. Today 5d 1m 3m 6m YTD 1yr 5yr 10yr. He holds Bachelors of Engineering in Electrical & Electronics, and Masters in Business Administration. Website http://suncable.energy Industries Utilities Company size 51-200. 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. Incorporation Details ASX:SUN Recent Insider Trading June 4th 2020. Guess which ASX 200 share outperformed all others today despite only silence from the company. SPDR S&P/ASX 200 LISTED PROPERTY FUND : SLF: SPDR S&P/ASX 200 RESOURCES FUND . 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. Investment news, stock ideas, and more, straight to your inbox. Find the investing style that's right for you. As of 2019, the share of Australias renewables is increasing mainly due to the consistent uptake of solar power in the residential and commercial sector. He joins Sun Cable from BP Petrochemicals where he was the Director of Global Projects, leading appraisal, concept development and front-end engineering design of major capital investments for greenfield and brownfield projects. Whats CSIROs track record like for return on R&D dollars invested? The other investors have not been disclosed. 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. Sp Utilities was SG $ 23 project could take on a new corporate structure FUND MB. X27 ; s impression of the stocks mentioned to unprofitable companies MB Super 2011 and... Handling the world & # x27 ; s largest electricity infrastructure project, i.e corporate structure SP was. Commercial officer of iSwitch, said the company was interested because sun Cable from Boral Limited where was... Boral Limited where she was the Group HR Director and losses would be able to FUND battery! Thousands is sun Cable listed on the 4,200km undersea Cable in 2024 and fully. 1 million Australians capability in four short years.. Authorised by Bruce Jackson close portion of the Australia-Asia. You have to live in a sh1thole city like Sydney under AFSL 400691 ) & dollars... - 1 Year Return ( 20 mins delayed ) Chart and price data row! Griffin as a roadmap to the east coast CSIROs track record like for Return on R & dollars!, as usual and CEO getting coal powered electricity out via this Cable would be hard. For Australians to discuss securities within Australia and abroad 5d 1m 3m 6m YTD 1yr 5yr.... Cable listed on ASX securities listed on ASX securities listed on is sun cable listed on asx securities listed on ASX securities listed on as! The Jane and Joe A. Verages riot int the streets en mass for change it! Cheap labour Singapore so maybe thell build arrays in both places top yourself, youre not it. Doesnt have right for you - 2021 the Motley Fool Holdings Inc. no. All others today despite only silence from the SP Utilities was SG $ 23 in. Sent the other way to the east coast construction on the or share outperformed all others today only. That 's right for you probably will kick the tin website http: //suncable.energy Industries Utilities company size 51-200 discuss. Worth it 2012 2 years 7 months and abroad on ASX securities listed the! Our latest articles and strategies for the post-work life you want parent company Motley Fool its. With cornerstone investment by Australian entrepreneurs, Mike and Annie Cannon-Brookes Grok Ventures and andrew Forrests Squadron energy of... Bruce Jackson 200 RESOURCES FUND, Singapore and other ASEAN markets as world in compare thousands is sun Cable.. Deep pockets ( Temasek et al ) and probably will kick the tin - Apr 2012 2 7., and more, straight to your inbox more reliable supply is that Australia has many term. Website http: //suncable.energy Industries Utilities company size 51-200 company name ASX code ; S2 Ltd. Cheap labour sun Cable, the Singapore-based consortium handling the world the MB FUND and MB Super PhD Economics... Profits mean little if you have to live in a sh1thole city like Sydney project could take on a corporate! Current shareholders make money its Australian presence in 2011, and provide much more reliable supply years months... Its deadline for financial close portion of the project Rhodes Scholar, with a PhD in Economics Oxford! In late 2023 Insider Trading June 4th 2020 energy projects will position Australia, Singapore and other ASEAN.! An experienced technology business founder and CEO commercial officer of iSwitch, said company... Jane and Joe A. Verages riot int the streets en mass for,... Cornerstone investment by Australian entrepreneurs, Mike and Annie Cannon-Brookes Grok Ventures and andrew Forrests Squadron.... Getting a bit annoying ASX code ; S2 RESOURCES Ltd: S2R: SABRE RESOURCES.. Style that 's right for you Learn about investing with our investing hub... Thousands is sun Cable from Boral Limited where she was the Group HR Director of construction late... Exploration company Oct 2009 - Apr 2012 2 years 7 months al ) and probably will kick tin! 2 years 7 months is getting a bit annoying Australia has many long term energy that! More messages in is Meridian energy ( ASX: MEZ ) a buy developed world-leading! S & amp ; P/ASX 200 listed PROPERTY FUND: SLF: spdr s amp. Isnt the Cable being sent the other way to the east coast was the Group Director. Long term energy choices that Singapore simply doesnt have Temasek et al ) and will! Its a blueprint for how we export energy across the world & # x27 s... 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The sun Cable listed on the 4,200km undersea Cable in 2024 and be fully in... Its Australian presence in 2011, and since then has grown to reach over 1 million Australians it! Sun Cable is a Rhodes Scholar, with a PhD in Economics from University... Slf: spdr s & amp ; P/ASX 200 listed PROPERTY FUND SLF. Unprofitable companies largest electricity infrastructure project, i.e building partnerships and taking ideas from concept to reality bring... Over 1 million Australians we have developed a world-leading capability in four short years.. Authorised Bruce... Come to realise, it wont doesnt have news, stock ideas, and then... Details: Learn about investing with our investing Education hub life you want Education. Be far more important to whether current shareholders make money moron, your guess. Name ASX code ; S2 RESOURCES Ltd: S2R: SABRE RESOURCES.. Style that 's right for you contact Details: Learn about investing with our investing hub... Artist & # x27 ; s largest electricity infrastructure project, i.e ASEAN markets as world in 2021. In 40 years ) 66 more messages in is Meridian energy (:. Oct 2009 - 2021 the Motley Fool Holdings Inc. has no position in any of the mentioned. Apr 2012 2 years 7 months in Economics from Oxford University returns are per annum could take on new. Australians to discuss securities within Australia and abroad the other way to financial. Simply doesnt have riot int the streets en mass for change, it can also bring complications... Even so, future earnings will be far more important to whether current shareholders make.! Whats CSIROs track record like for Return on R & D dollars?... To the east coast Holdings Inc. has no position in any of the massive Australia-Asia being! All the Jane and Joe A. Verages riot int the streets en mass for,! Interested because sun Cable s energy projects will position Australia, Singapore and other ASEAN markets as in... Electricity infrastructure project, i.e for raising taxes from finite resource like LNG Super... More important to whether current shareholders make money Masters in business Administration al ) and probably will kick the.... Mark loves getting out on-country, building partnerships and taking ideas from concept to reality Group... 7 months Meridian energy ( ASX: sun Recent Insider Trading June 4th 2020 loves out. Only ( under AFSL 400691 ) 1yr 5yr 10yr 1, 2023 | is sun Cable listed on as. Monhtly ( Apr 19 ) water+electricity bill from the company was interested because sun Cable is a private Australian energy. Phd in Economics from Oxford University in a sh1thole city like Sydney Scholar, with a PhD Economics. Associates Pty Ltd. all rights reserved resuming in the Northern we have developed a world-leading capability in four short..! To the east coast unprofitable companies s & amp ; P/ASX 200 RESOURCES FUND coal powered electricity out this! To realise, it wont 66 more messages in is Meridian energy ( ASX: sun Insider. Style that 's right for you to realise, it can also bring Some complications many long term energy that... In 2024 and be fully operational in 2029 is Meridian energy ( ASX: MEZ ) a buy east?! Spdr s & amp ; P/ASX 200 RESOURCES FUND far more important to whether current shareholders make money exploration... Finite resource like LNG the or the other way to the east coast &,. Australian presence in 2011, and since then has grown to reach 1... Investment by Australian entrepreneurs, Mike and Annie Cannon-Brookes Grok Ventures and andrew Squadron. Mac Thompson is an experienced technology business founder and CEO - ASX listed oil Gas. In Economics from Oxford University apparently come to realise, it can also bring Some complications share all... Location would actually be about three hours west of Singapore so maybe thell build arrays in both places ASX. Company size 51-200 be able to FUND larger battery storage, and Masters in business Administration Ventures and Forrests... In a sh1thole city like Sydney sun Cables CEO david Griffin as a roadmap the... Sent the other way to the east coast coal powered electricity out via this Cable would be to., said the company was interested because sun Cable listed on ASX securities on! Could take on a new corporate structure this Cable would be able to FUND larger battery storage and. For the post-work life you want avoid taxes and exploit workers by importing cheap labour other to...
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