The Australia-Asia PowerLink (AAPowerLink) has been endorsed by Infrastructure Australia, moving the project up to stage 3 on its priority list and making it “investment-ready.” Additionally, this makes the undersea cable project between Australia and Singapore eligible for government finance, including assistance from organisations like the Northern Australia Infrastructure Facility (NAIF) and the Clean Energy Finance Corporation (CEFC).
The project has also secured other key approvals including the Major Project Status awarded by the Government of Australia and the Government of Indonesia approving the submarine transmission cable route.
Construction on the AAPowerLink project is scheduled to commence in 2024 and electricity supply is expected to start in 2027. The project will be fully operational by 2029.
Once operational, AAPowerLink will use a 4,200 km transmission network to deliver solar energy to Darwin and Singapore. This network includes a 750 km overhead transmission line from the solar farm to Darwin and a 3,800 km underwater cable from Darwin to Singapore. More than 3 million homes will be powered annually by the project’s estimated renewable energy (RE) output.
The project is expected to cost more than USD30 billion, with PricewaterhouseCoopers (PwC) pledging around USD8 billion in investments.