Business / Finance

Australian billionaire Cannon-Brookes says US$13 billion Singapore Sun Cable project is viable

Logo Channel NewsAsiaChannel NewsAsia
2023-09-07 07:18:26  • 2 mins

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SYDNEY: Australian billionaire Mike Cannon-Brookes on Thursday (Sep 7) stood by the economics of a plan to ship energy from a giant solar farm in the country's north to Singapore via undersea cable as he took possession of the A$20 billion (US$12.73 billion) project.

Cannon-Brookes, the co-founder of tech firm Atlassian turned environmental activist, said he continued to believe outside investors would be drawn to the Sun Cable project, adding it already had demand for more energy than it could produce.

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