Page 7 - Sun Cable News Today

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Helietta Holdings, a leading renewable energy company, has recently announced its decision to acquire the assets of Sun Cable, a billion-dollar renewable

David Scaysbrook is a little surprised to find himself in the race to rescue the massive solar project. But he sees a big opportunity.

Scientists in the United Kingdom have proposed using orbiting solar reflectors to enhance the electricity yield of terrestrial solar power plants. They claim this new technology may be particularly beneficial for improving generation at dusk and dawn, when irradiance is lower.

Quinbrook may start off Sun Cable small, with a focus on local market and may add wind. Cannon-Brookes is to focus on the cable proposal to Singapore.

The gas obsession risks undermining Australia’s ambitions to lead the world in critical minerals and clean energy and reduce dependence on China.

The investment house has also flagged an expansion from solar energy to wind power as it works with Mike Cannon-Brookes on the projects future.

The International Energy Agency expects $1.7 trillion to be spent on clean energy this year, with expenditure on solar power exceeding that on upstream oil and gas for the first time. But the best projects will be erected close to the places where their power will be consumed

Australians are fortunate not to have to choose between competing visions of our clean energy future – we can leave it to the rival billionaires to duke it out.

Two of Australia’s richest men have ambitious visions for renewables, but they face some serious hurdles.