Virus fallout will not derail Sun Cable project: Billionaire

Billionaire Mike Cannon-Brookes said growing financial turbulence triggered by coronavirus will not derail the ambitious multibillion-dollar project to build a huge solar farm in Australia to supply electricity to Singapore.

The Sydney Morning Herald is reporting that Cannon-Brookes said: "We’ve just raised a whole bunch of money and now we need to buy ships and scan the seafloor and work out long-term contracts for cable, and buy a few million solar panels." 

Sun Cable's project is a $22 billion plan to build the world's largest solar farm with a 10-gigawatt capacity covering 15,000 hectares near Tennant Creek in the Northern Territory, and a 22GW-hour storage plant.

The project would aim to supply competitively priced electricity to the Darwin region and to Singapore via a 4500-kilometre high-voltage cable.

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