Sun Cable is seeking investments to support its USD30 billion AAPowerLink subsea power project to export renewable energy (RE) from Australia to Singapore. The company has sent a request for proposal to major investment banks based in Australia and Singapore for future financing requirements, construction contracts and other negotiations.
Under the AAPowerLink project, power will be generated from a solar photovoltaic (PV) park in Australia’s Northern Territory and a 36-42 GWh energy storage facility. The electricity will be exported via a 4,200 km undersea high voltage direct current (HVDC) transmission cable system from Darwin to Singapore. The power link’s transmission cables will run through Indonesia.
The complex is due to become operational after 2028. The produced power will be used locally in Darwin and supplied to Singapore to cover up to 15 per cent of the country’s electricity demand.
