Sun Cable plan granted major project status

Australia has granted "major project status" to an ambitious $22 billion plan to export power from a giant solar farm in the country's north to south-east Asia via undersea cable.

The Financial Review is reporting the status recognises the "strategic significance" of the project, which is expected to inject billions of dollars into the economy and create thousands of jobs.

The Australia-ASEAN Power Link envisions connecting the world's largest solar farm and battery system in Australia's Northern Territory to Singapore and Indonesia via a 3700 kilometre undersea cable.

Sun Cable says the project can supply a fifth of Singapore's power needs, helping reduce the city-state's reliance on natural gas imports. 

The project, which is backed by Atlassian co-founder Mike Cannon-Brookes and Fortescue Metals' founder Andrew Forrest, plans to start marine survey work from August. The company is targeting commercial operations to begin in 2027.

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