Sun Cable's ambitions have grown from powering Singapore to building a green grid that will power all of ASEAN by 2040
Sun Cable, funded by Mike Cannon-Brookes and Twiggy Forrest, is building partnerships to develop the giant Australia-Asia PowerLink . AAPL consists of up to 20 gigawatts of solar and 42 gigawatt-hours of energy storage on a 12,000-hectare site in the Northern Territory. This was announced at Singapore International Energy Week along with the white paper “Connecting Asia: One region, one grid.” This is the Asian Green Grid Network.
“AGGN seeks to advance regional green grids, that is carbon-free grids composed of renewable resources. The white paper forecasts that by achieving 15% grid interconnection by 2040 an estimated 3,335 TWh could be traded in the Asia Pacific annually. That trading estimate translates to $760 billion and would abate 3,070 MT of carbon dioxide every year.”there is no shortage of technical challenges facing the cross-border green electricity grid that could transform Asia.
Hence the need to seek partnerships and collaboration with universities and government agencies. In Australia, the project will be supported by Infrastructure Australia, which should lead to finance from the Northern Australia Infrastructure Fund and the Clean Energy Finance Corporation.
The initial plan is to export power to Singapore by cable, then expand the grid to other ASEAN countries. Construction on the largest renewable energy infrastructure projects in the world is expected to start in the Northern Territory in 2024.
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