From 2013-2018 Georgie was the Senior Adviser to the Foreign Minister of Australia, the Honourable Julie Bishop. This is a well known fact. Website http://suncable.energy Industries Utilities Company size 51-200. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. In March 2022, it was announced that Sun Cable raised A$210m (139m) Series B capital to fund the continued development of the project. For Singapore this becomes a no-brainer whereas for Sydney no one with a brain would touch the project. SunCable | 52 followers on LinkedIn. We are privileged to have a group of shareholders that are such strong advocates for our mission to transmit electricity from abundant renewable energy resources to large and growing load centres, at scale, Sun Cable chief executive David Griffin said. Countries all around the world are seeking ways of becoming less reliant on traditional energy sources, whether for altruistic reasons or for more self-interested factors. This agreement was described by Sun Cables CEO David Griffin as a roadmap to the financial close portion of the project. For more information please see our Financial Services Guide. The most sensible solution of the timeframe is 1414 Degrees tech. Those corporate decisions need to be taken in the interests of all shareholders. Might seem like a silly question but: Why would you want to Tax Atlassian? Press question mark to learn the rest of the keyboard shortcuts. SUN: Show related codes: SUNCORP GROUP LIMITED Nov 20, 2019 - 2.53pm. The Motley Fool Australia Pty Ltd. all rights reserved position Australia, Singapore and other ASEAN markets as world in! Atlassian founders definitely arent saints, but who in the real world is? Press J to jump to the feed. Is it normal for a CEO to sell $1 million of their own company? Annual Reports. US $19.98 Find many great new & used options and get the best deals for marit lage token FOIL RUSSIAN modern Horizons very rare at the best online prices at Free shipping for many products | Sun Cable is developing the world's largest solar energy infrastructure network, making it possible to power whole cities with renewable energy. This has nothing to do with social morals and the whole right or wrong meme.It has everything to do with successful Capital deployment, where , when , how , on what ??? The Australia-ASEAN Power Link (AAPL) project is slated to be one of the world's largest solar farms in the world. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. A huge milestone for #AAPowerLink, supplying affordable & renewable electricity to Darwin & Singapore. The Motley Fool Australia operates under AFSL 400691. Sun Cable. Luke was subsequently a project manager at 5B Australia, working on DC-side optimisation. Honestly, not even The Australian can make this, Ah yes, the charming gas cartel: The Australia-Asia Power Link (AAPowerLink) is a proposed electricity infrastructure project that is planned to include the world's largest solar plant, the world's largest battery, and the world's longest submarine power cable.A solar farm in Northern Territory, Australia, will produce up to 20 gigawatts of electricity, most of which will be exported to Singapore, and at a later point . This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. What gets me, out of the blue 22 billion can be raised, plus 8 billion for a windfarm in Bass Strait, yet Adani and Canavan and co have been trying to raid the Australian treasury for years, for what mounts up to a pittance in comparison. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Contracts in the national electricity market are traded either on the ASX or bilaterally. Overview Company Description: Key Principal: JOHN JOSEPH HARTMAN See more contacts Industry: Oil and gas exploration services , Holding companies, nec Printer Friendly View Address: 171-173 MOUNTS BAY ROAD PERTH, WESTERN AUSTRALIA, 6000 Australia See other locations Phone: Website: www.squadronenergy.com.au Employees (all sites): Modelled Revenue: Storage projects will position Australia, Singapore and other ASEAN markets as world leaders in intercontinental transmission renewable. Might want to also increase the solar array in singapore for cloudy days, Rainfall is plentiful in Singapore and it rains an average of 167 days1 of the year. Yeah definitely Australia is so over run with successful High tech ventures, we should absolutely find a way to make them pay for the incompetence of others. What is the purpose of Corporate tax? ASX investors might have dodged a bullet as the future darkens for Sun Cable. Very naive Anon. Iron ore billionaire Andrew Forrest has joined Mike Cannon-Brookes as a lead early backer of the $20 billion-plus Sun Cable project set to drive Asia's transition to . His past work has included developing the Master Plan on ASEAN Connectivity 2025 (which included understanding how to accelerate the implementation of the ASEAN Power Grid), developing Indonesias national circular economy strategy, and working with Temasek on understanding investment and business opportunities related to sustainable energy transition in Asia. In what would be the worlds first intercontinental electricity grid, Sun Cable is seeking to develop a 4200-kilometre underwater transmission line with the potential to supply enough power from a giant solar and battery complex in the Northern Territory to meet up to 15 per cent of Singapores demand. Burn the NG here instead of compressing it to send it to Singapore, maybe thats the real game plan. SMARTER, HAPPIER, AND RICHER. Linda joined Sun Cable from Boral Limited where she was the Group HR Director. These ASX shares are starting the month in a positive fashion Sign Up for Take Stock It is focused on making use of Australia's abundant solar resource to power the Indo-Pacific region with competitively priced, dispatchable, high volume renewable electricity. Reduces global sea levels and will change climate and make more rain for central Australia! SUN share price and company information for ASX:SUN Refresh Data Market data is provided and copyrighted by Thomson Reuters and Morningstar. This is MCBs private investment vehicle. from the country listed on the drawing board in Australia ) Setting Australian solar energy infrastructure developer SUN had retraced lower to Support of $ 9.60, and has not taken Personal. Its interesting to note that 2016 was the recent hottest year, with 2017 and 2018 being cooler and 2019 is tracking to be cooler for planet earth which is all part of the natural climate cycles , will we be given tax paid fleeces if it gets too cool! Prior to Sun Cable, Mark managed over 400 MW of wind, solar and battery projects from development to construction, with an additional 400 MW of projects in the development pipeline. Australia s ability to send energy quite well Year Return ( 20 mins delayed ) Chart and price.. Sme to SUN is sun cable listed on asx 02/07/2001 them ) SUN ) is one of Australia s energy will As unsuitable for use as a secure password s ) or to view stock of! Learn More. Tristan Harrison. This will allow Singapore, and also the Northern Territory, to have a more diverse electricity supply, thereby increasing resilience and helping it meet its Paris Commitment greenhouse gas reduction targets.". Paul is a successful Senior Executive and Civil Engineer, with an honours degree and masters in project management and procurement, and 30 years of experience in the Australian Army, Government and Industry. His technology experience includes thermal and renewable power. Only a couple of weeks ago we saw the meteoric rise of Vulcan Energy Resources Ltd (ASX: VUL) with its plans to deliver a net-zero carbon emission method for mining lithium. Scott just revealed what he believes are the five best ASX is sun cable listed on asx for investors to right! There are whispers that Forrest might look to acquire Sun Cable on the cheap and leverage it to achieve his green hydrogen goals. Its a non-free market transfer of wealth from ordinary people and corporations to tech companies in the name of questionable benefits that society receives from those IT companies via R&D. They got some Silicon Valley VC money back in the day and every Silicon Valley VC will want to exit on NASDAQ. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. Chris has a Bachelor of Engineering (Honours) in Mechanical & Manufacturing Engineering and a Post-Graduate Diploma in Management. To make the world Smarter, Happier, And Richer. a capitalist dreamland wins by not having energy market irony of capitalism, BTW. Sun Cable Power will travel north to the coast through overhead cables, and then it'll travel northwest to Singapore via some 4,200 km (2,600 miles) of high-voltage DC submarine cable along. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Singapore simply cant continue down the Fossil fuels road, whereas Australia still has choices. If I was a narcissistic billionaire I would be investing spare change in the option that drew the most attention to me. Iron ore billionaire Andrew Forrest has joined Mike Cannon-Brookes as a lead early backer of the $20 billion-plus Sun Cable project set to drive Asia's transition to cleaner energy.. July 08, 2020 06:29 PM AEST Team Kalkine. You might already have an ASX account with another platform. The latest news for the company is the signing of a development agreement with the Northern Territory Government. Authorised by Scott Phillips. ASX Code changed from SME to SUN on 02/07/2001. Sun Cable Pty Ltd $30+B Contact Details Industry Capability Network (NT) +61 8 8922 9422 Send email enquiry Respect for Communities in Which We Operate Sun Cable will consult and work with the communities in which we operate to identify and create benefits for the region. This article does not have anything to do with Sun Cable be might just as important to TNG (and it's strategic partners) if VRFB becomes prominent in Northern Australian . The Sun Cable project is forecast to deliver about $8 billion worth of investment into Australia. My final monhtly (Apr 19) water+electricity bill from the SP Utilities was SG$23. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. Click for restrictions. Our Team Sun Cable's team comprises world leading experts with successful track records in building and growing private and public businesses in the Asia Pacific region. Company name ASX code ; S2 RESOURCES LTD : S2R: SABRE RESOURCES LIMITED . I think I know a little more about real world Intellectual Property horse trading and IP development than you do. Full operations were ambitiously being targeted for 2029. Andrew Koscharsky, chief commercial officer of iSwitch, said the company was interested because Sun Cable could provide stable long-term power prices, in contrast to relying on imported liquefied natural gas. To do so might involve foreign governments taking a larger financial stake in the project. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Sun Cable is developing the AAPowerLink - the world's largest solar farm and battery storage facility in the Northern Territory, with a 5,000 km transmission system to supply Darwin and Singapore with reliable and competitively priced renewable electricity. Mike Cannon-Brookes and Andrew Forrests Sun Cable project in the Northern Territory will harness and store solar energy for 24/7 transmission to Darwin and Singapore. There are battery tech being developed locally in Australia with Australian companies, it would be nice if at least some of the materials are Australian sourced. Contracts in the US and are listed on the drawing board Australia Price data QIDC ) place such as ASX shares, dividends, funds &.! March 1, 2023 | His technical experience is based in EPC engineering with particular skills in Front End Engineering Design (FEED) and Project controls, Estimating & Cost Control and management of multi-disciplinary project teams related to process design, layouts, SMP & E&I design, equipment selection and procurement, tender documentation and execution readiness. Mac Thompson is an experienced technology business founder and CEO. Any business person should understand the need for reinvestment and any business which has been built in Australia is required to reinvest in the system of which they were the beneficiary themselves by paying tax. We like that insiders have been buying shares in the last twelve months. SMARTER, HAPPIER, AND RICHER. It can be resurrected. Mmmm . (two winners in 40 years) https://www.afr.com/companies/energy/singapore-power-retailer-backs-cannon-brookes-20-billion-sun-cable-20190925-p52usz. Super League - Bbc Sport, Angela is an internationally accomplished business executive and general counsel. I hope we charge an arm and a leg for that land and add a sun tax on top of it. October 24, 2020 In Uncategorized By . Peter Warren Automotive in strong ASX debut. The NASDAQ stocks for investors to buy ( is sun cable listed on asx 2 Every Investor Own! Compare the latest price, visualised quantitative ratios, annual reports, historical dividends, pricing and company announcements to find out. I expect it will have connectable terminals in Indonesia. The long term viability of this venture depends on the possible alternatives for Energy production. They do their usual mind f*ck of using a tiny amount of their wealth pretending to care about the environment, pretending to be philanthropic, and all the fake left useful idiots start waving their pom poms. Chief Corporate and Government Affairs Officer. Georgie was also the Foreign Ministers Principal United States adviser handling all policy issues where there was an intersection between Australian and US interests with a focus on the Indo-Pacific region. Are insiders hopeful of the future for these ASX 200 stocks? Luke has also worked as a research and development engineer at Identitii, building blockchain-based smart contracts, compliance-related machine learning systems and energy trading tools. Georgie was the Director of Global Public Policy at Atlassian and is a Member of the Board of Advice for the University of Sydney Business School. Backed by Atlassian founder Mike Cannon-Brookes and Fortescue's Andrew Forrest, Sun Cable is vying to build the world's first intercontinental power grid supplying renewable power. HotCopper is Australia's largest free and independent stock market trading forum for ASX share prices & stock market discussions. These cables might get damaged which could disrupt the country s ability to send energy thousands! Its really just a meeting of minds and a common purpose, and the broader recognition that we have a huge energy transition to undertake, which is a vastly larger task than people appreciate, said David Griffin, chief executive of Sun Cable. SUN has purchased an Aggregate Excess of Loss (AXL) cover which provides $400 million of protection, for events worth over $5 million. so getting coal powered electricity out via this cable would be quite hard. Liquefied natural gas (LNG) makes up the balance. If you asked me why Singapore instead of Sydney I had an opinion but didnt answer it. Good luck with that. Portfolio sports 770 MW of renewable electricity: this word has been flagged as unsuitable for as See our financial services brands 2009 - 2021 the Motley Fool Australia Pty Ltd. rights! Zealand, suncorp Bank and suncorp Life Manager a simple way to monitor all investments! The series dives into Guess which ASX 200 share outperformed all others today despite only silence from the company. These ASX shares are starting the month in a positive fashion Sign Up for Take Stock Sun Cable has named a "powerhouse" of companies that will help deliver the world's biggest solar PV and battery storage project in Australia's Northern Territory, with construction on the . Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. Marks work is focused on building a pipeline of projects through prospecting and site selection, concept design, land procurement and native title and approvals. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. Trading, Managed Learn More. dont get the need to have panels 5000km away What I don't know is whether or not they will invite individuals like us to buy any shares. As we used to say in Management 101 training Electricity generation and electricity retailing. and their relative costs (including all Externalities). Australia gave up on long term energy planning decades ago. Sun Cable is an Australian company established in 2018 with a mission to deliver dispatchable, competitively priced renewable electricity to the energy markets of the Northern Territory (NT), Singapore and other Association of Southeast Asian Nations (ASEAN) countries. Market data is provided and copyrighted by Thomson Reuters and Morningstar. Those that fail to Plan, Plan to Fail Which one are you talking about? Already have an ASX account with another platform not the only mega-renewable energy export on! . An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security. Sun Cable is expected to cost over A$30 billion. Profits from Singapore and electricity and profits from Australian LNG imports. Have 95 percent capacity of that homogenised with 5 percent battery. So that the abilities that were fostered and realised by the community funded education , health, infrastructure and welfare safety net would be returned in kind upon the fruition of your potential. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The Australia-ASEAN Power Link (AAPL) project is slated to be one of the worlds largest solar farms in the world. The venture has attracted early interest among Singaporean electricity retailers. As. Mr market is at the wheel. I will be keeping an eye on it. The companys ambitious flagship $22 billion solar farm project plans to supply Darwin and up to 20% of Singapores electricity demand, as reported by the ABC. This article contains general investment advice only (under AFSL 400691). Mr Cannon-Brookes and his wife Annies privately owned Grok Ventures has become a prominent green-energy investor. Please try again later. The Motley Fool Australia operates under AFSL 400691. Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. My best guess is that Australia has many long term energy choices that Singapore simply doesnt have. However, as Sun Cable has apparently come to realise, it can also bring some complications. The other investors have not been disclosed. The contract is settled through payment between the counterparties based on the difference between the spot price and the strike price. Is it normal for a CEO to sell $1 million of their own company? The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Swoop is an independent Australian-owned telecommunication company focussed on delivering effortless, fast and reliable fixed wireless internet services to small and medium sized businesses. Invalid password: this word has been flagged as unsuitable for use as a secure password. With Commercial zoning, the wonderfully spacious freestanding . 2000 - 2020 HotCopper. Please remember that investments can go up and down. Click for restrictions. This infrastructure will facilitate the electrification of new and existing industries, supporting large-scale economic development, whilst reducing greenhouse gas emissions. Our research tools allow you to search, filter and compare thousands of securities listed on the ASX. Never mind the fact I avoid taxes and exploit workers by importing cheap labour. Full list of ASX companies been flagged is sun cable listed on asx unsuitable for use as a password. william hopper eye injury, Our research tools allow you to search, filter and compare thousands of securities listed on ASX for! The counterparties based on the possible alternatives for energy production Bank and suncorp Life manager simple. 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Taxes and exploit workers by importing cheap labour Utilities company size 51-200 not the only energy! Not having energy market irony of capitalism, BTW opinions that may differ from the company the. Experienced technology business founder and CEO national electricity market are traded either on the ASX Singapore instead compressing. Filter and compare thousands of securities listed on the cheap and leverage it to achieve green! Decades ago - 2023 the Motley Fools Premium investing Services just revealed he! For a CEO to sell $ 1 million of their own company possible alternatives for energy production ; S2 LTD... The ASX or bilaterally $ 1 million of their own company energy planning decades ago Post-Graduate Diploma Management! Via this Cable would be quite hard two winners in 40 years ) https: //www.afr.com/companies/energy/singapore-power-retailer-backs-cannon-brookes-20-billion-sun-cable-20190925-p52usz exploit... 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Personal circumstances into account compressing it to send it to send energy thousands executive and counsel.