Stay updated with breaking news from Sun Cable. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Billionaire Mike Cannon-Brookes’ investment fund Grok says it is willing to work with a consortium of “constructive” new investors to rebuild the collapsed $35 billion Sun Cable project.
The company’s slump into administration shapes as a potential setback for Singapore’s plans to import low-carbon electricity but it has other options.
Accusations are flying thick and fast in the spectacular falling out between Andrew Forrest and Mike Cannon-Brookes over the collapsed $35 billion green energy venture.
Sun Cable had an ambitious plan to send solar power from Darwin to Singapore via under-sea cables. But one piece of the puzzle was missing - interest from the Singaporean government.
It wasn’t just the giant egos in the power project. It was economics, engineering and physics too gigantic to stack up.