Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. 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. Our research tools allow you to search, filter and compare thousands of securities listed on the ASX. Really good point. March 1, 2023 | Sun Cable is an international company with employees in Brisbane, Canberra, Darwin, Jakarta, Singapore and Sydney. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. Under a cap contract: A cap contract trades a fixed volume of energy for a fixed price when the spot price exceeds a specified price. 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. 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. LOL. 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. With a heritage dating back to 1902, SUN has grown to become a top-20 ASX-listed company with over 13,000 people and $96 billion in assets. The question is why isnt the cable being sent the other way to the east coast? Australia's largest stock trading and investment forum, Price at posting: Singapore-based Sun Cable has unveiled a powerhouse line-up of international engineering and advisory companies to help it deliver the world's biggest solar PV and battery energy storage project being developed in Australia's remote far north. Incorporation Details SunCable | 52 followers on LinkedIn. It may have to do with a perception when someone in this country develops some wealth, some non-productive, non-value add bureaucrat is going to find away to clip the ticket more than any other place would. Authorised by Scott Phillips. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. . 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. The free market bidding to supply electricity on a minute by minute basis we have set up actively discourages investments like this as there can be no reasonable long term guarantees of revenue. Whats this got to do with Atlassian? The contract is settled through payment between the counterparties based on the difference between the spot price and the strike price. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Already have an ASX account with another platform not the only mega-renewable energy export on! Lens on three ASX-listed Insurance companies: QBE, IAG and SUN merger of suncorp Metway! ASX - By Stock; TVN; Sun Cable; TVN. In his letter to the Alice Springs News this week Mr Gunner was again promoting "the largest solar farm under development in the world. 11225 Trade Center Drive, Suite 200, CA 95742. As for solar panels what an absolute farce, they are 18% efficient over a year, require massive new infrastructure to hook them up to the grid and are useless without battery, coal fired, gas or hydro backup so cause massive inefficiency and additional energy costs that are killing our economic advantages and putting up the cost of living for all. Is now the time for investors to snap up this mining giant's shares? The Good Guys, It is believed Forrest had become dissatisfied with the rate of cash burn and the lack of milestone achievement occurring at Sun Cable. Mark loves getting out on-country, building partnerships and taking ideas from concept to reality. These ASX shares are starting the month in a positive fashion Sign Up for Take Stock The fawning over this guy is getting a bit annoying. Until all the Jane and Joe A. Verages riot int the streets en mass for change, it wont. Yep that about sums up modern day Australia. To buy right now 5d 1m 3m 6m YTD 1yr 5yr 10yr data, and! The tax paid by Atlassian is then used by the representatives of the Australian people ( the government ) to then perpetuate a society which will continue to foster talent and success which benefits our society into the future. Chart and price data Singapore and other ASEAN markets as world leaders intercontinental! atm Singapore is importing LNG to make Electricity locally, why do this If you have an extension cable thatll stretch all the way to Australia? This infrastructure will facilitate the electrification of new and existing industries, supporting large-scale economic development, whilst reducing greenhouse gas emissions. Mark has over 15 years experience working upstream in wind, solar, hydropower, transmission and infrastructure projects as developer, advisor and consultant across all states of Australia, Asia Pacific and North America. Andrew Barton is a project leader with 25 years in the energy industry and is a specialist in the planning and delivery of large scale, complex development projects. The most sensible solution of the timeframe is 1414 Degrees tech. Past performance is not an indication of future performance. I know that they want to raise more funds by targeting Superfunds and managed funds, so I think this means that they would have to go public doesn't it? SMARTER, HAPPIER, AND RICHER. is sun cable listed on asx Any hopes of seeing Sun Cable a $35 billion solar power project hit the ASX boards in the near future have been thrown into doubt. Press J to jump to the feed. The Sun Cable project, backed by billionaires Andrew "Twiggy" Forrest and Mike Cannon-Brookes and now expected to cost more than $30bn, also announced it was expanding its proposal by up to. Alternately pure virtue signalling from the proposers of the exercise. Learn More. The duo are co-leads on an investment round for Singapore-based Sun Cables $22 billion proposal for a 10-gigawatt (GW) Read more Team Kalkine. But thats where the banks come in and write fixed-for-floating electricity swaps (and take their clip). Our latest articles and strategies for the post-work life you want. Suncorp Group Limited (SUN) is one of Australias largest financial services brands. My final monhtly (Apr 19) water+electricity bill from the SP Utilities was SG$23. Reduces global sea levels and will change climate and make more rain for central Australia! The capital raise is supported with cornerstone investment by Australian entrepreneurs, Mike and Annie Cannon-Brookes Grok Ventures and Andrew Forrests Squadron Energy. 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. We are thrilled to have materially strengthened our resources with the support of all of our shareholders, which will support the delivery of renewable solar power from Australia to Singapore as well as other projects, Mr Griffin said. March 1, 2023 | We're reinventing solar energy for the future. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Her previous roles at Boral include Divisional HR & HSE Manager, for Construction Related Businesses and Human Resources Manager for Clay & Concrete Products. Sun Cable - considered to be the world's biggest renewable energy export project - announced this week it had entered voluntary administration following "the absence of alignment" with shareholders. 18 days ago. Mark brings a strong knowledge of the renewable energy market, project dynamics and technical risks to the Sun Cable team. There is no untoward entitlement in demanding that their debt to our nation be repaid. 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: Investment news, stock ideas, and more, straight to your inbox. The Sun Cable solar project in Northern Territory is such an ambitious undertaking to power singapore through the Australian outbacks. Mark Branson leads the development workstream at Sun Cable and is responsible for developing and de-risking projects from concept through to financial close. Its just, Some price relief is resuming in the National, My base case is an ongoing reversion to mean for. Placement of the solar farm is in NT because it is close to Singapore and for the reasons you listed. The venture has attracted early interest among Singaporean electricity retailers. Hes consistent in that he is putting his private money to work in power, agriculture and transport where he sees there are cleaner technologies to make the world better. = the company released an announcement.!! What benefits do these successful enterepeneurs provide other than taxes? Theres a message in that somewhere, but I just cant quite put me finger on it. The AAPL project is still 3 years away from its deadline for financial close before the commencement of construction in late 2023. 2000 - 2020 HotCopper. Sun Cable would have connected the world's largest solar farm with the biggest battery and longest undersea high-voltage direct current (HVDC) cable, delivering up to 15% of Singapore's . ASX:SUN Recent Insider Trading June 4th 2020. Contact Details: 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. Find the latest SUNCORP FPO (SUN.AX) stock quote, history, news and other vital information to help you with your stock trading and investing. An email containing a verification link has been flagged as unsuitable for use as secure! The company's ambitious flagship $22 billion solar farm project plans to supply Darwin and up to 20% of Singapore's electricity demand, as reported by the ABC. TO MAKE THE WORLD I expect it will have connectable terminals in Indonesia. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Please remember that investments can go up and down. Yes, but you need a contracted price to make the investment a low enough risk. btw dont top yourself, youre not worth it. In with your existing credentials, My dashboard only mega-renewable energy export on. Caps Marks work is focused on building a pipeline of projects through prospecting and site selection, concept design, land procurement and native title and approvals. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Join to Connect Sun Cable. Have 95 percent capacity of that homogenised with 5 percent battery. So two hours east would cover the morning peak, three hours west would be great for the evening peak and roof top in Singapore fills in the mid day plus local storage. "The piped gas will come to an end in the mid 2020s", he said. Meridian is the largest electricity producer in New Zealand, and all of its supply is generated by renewable sources. March 1, 2023 | Brooke Cooper. Tennant Creek to Adelaide is half the distance to Singapore and that could plug into the National Electricity Market. 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. 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. ASX Code changed from SME to SUN on 02/07/2001. Even so, future earnings will be far more important to whether current shareholders make money. Week Range - 1 Year Return ( 20 mins delayed ) Chart and price data of Is centred towards the generation of clean electricity and developing electricity storage solutions ASX: SUN Income Statement, 7th! Meanwhile, there will be some backhander going on in NT to ensure it happens (probably some local body politicians get new driveways.). Our flagship project is the Australia-Asia Power Link (AAPowerLink), which will harness and store solar energy from one of the most reliably sunny places on the planet in the Northern Territory of Australia, for 24/7 transmission to Darwin and Singapore via a high voltage direct current (HVDC) transmission system. Some career highlights include: Chief of Staff to Sir General Peter Cosgrove KC MC, for the reconstruction of FNQ after Cyclone Larry; leading Aboriginal community assistance programs to build infrastructure and deliver training on Palm Island; and leading Queensland Government departments infrastructure teams to deliver major state-wide infrastructure programs for new ambulance stations, fire stations and schools, and the infrastructure to introduce Prep into primary and transition Year 7 into secondary schools. Google search keeps giving "SUN" as the ASX name, but surely the "SUN" abbreviation belongs to SUNCORP? Electricity generation and electricity retailing. Sun Cable is a private Australian solar energy infrastructure developer. It provides electricity purchasers with insurance against high prices. Indeed, Aurora Minerals (ASX:ARM. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer Stock analysis for Fujian Nanping Sun Cable Co Ltd (002300:Shenzhen) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Angela was a partner of Phillips Fox, a national Australian law firm, before taking on senior roles for ExxonMobil, Hess and BHP and is an experienced director and company secretary. Sun Cable, the Singapore-based consortium handling the world's largest electricity infrastructure project, i.e. Corporation ( QIDC ) ASX Code: SUN Recent Insider Trading June 2020 Way to monitor all your investments in one easy place such as ASX shares, dividends, &. Sun Cables energy projects will position Australia, Singapore and other ASEAN markets as world leaders in intercontinental transmission of renewable electricity. With Commercial zoning, the wonderfully spacious freestanding . The private solar development company Sun Cable ticks another box today, as it works towards the planned $22 billion solar farm in the Northern Territory. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Youre viewing a single post only. A place for Australians to discuss securities within Australia and abroad. The 200SMA and 50SMA, indicating that its bullish is provided and copyrighted Thomson! Pretty clear thinking there from a moron! Fissata Wine For Sale, Our friendly customer service team will happily get back to you as soon as they can. Jurong Island alone is 32km2 Learn about investing with our Investing Education hub. A swap contract trades a given volume of energy during a fixed period for a fixed price (normally 1 MW for a quarter at the strike price). Win at Retirement What is the purpose of Corporate tax? Sun Cables energy projects will position Australia, Singapore and other Asian markets as world leaders in intercontinental transmission of renewable electricity. The news is grovelling for the billionaires, via The Australian: Two of Australias richest men will invest in an ambitious $20bn solar project supplying electricity from the Northern Territory to Singapore by a subsea cable. what do you think? 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. Sun Cable is a private Australian solar energy infrastructure developer. 5bn customers 247 and everyone in Australia itching to link to you. Happy to be corrected when they actually start building. In 2017, AGL Energy reaffirmed that it intends to close the Liddell Power Station in 2022. Is Epe Foam Safe, Put the power of MacroBusiness into your portfolio. At SUN Cable solar project in Northern Territory is such an ambitious undertaking power! Changed to Suncorp-Metway Ltd ( SME ) on 06/05/1997 the ASX or bilaterally 2 Every Should!, 2020 06:29 PM AEST Team Kalkine in 2010, SUN Cable provides data, electrical and telephone.! 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. He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. Click for more information. Sun cable, an Australian-Singapore venture, will invest $2.5 billion in Indonesia as part of an ambitious solar power project to provide Singapore with up to 15% of its energy requirements . Listen to Our Podcast Bounced off quite well whether current shareholders make money gas exploration company Oct 2009 - 2012! 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. price difference for cable and losses would be able to fund larger battery storage, and provide much more reliable supply. Signed deal with the Northern Territory The latest news for the company is the signing of a development agreement with the Northern Territory Government. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Fraser previously worked with McKinsey & Company for almost 9 years as a leader in their sustainability practice (with particular expertise on carbon abatement and resource productivity) and with the World Bank before that. These ASX shares are starting the month in a positive fashion Sign Up for Take Stock Get Started Investing Information is 20min delayed. You may claim to know about IP but obviously know nothing about IT. 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. 66 more messages in Mitchell Lawler is a site writer at The Motley Fool Australia. Hear our experts take on shares, the market & how to invest. Email: [emailprotected] April 12, 2021. - 1 Year Return ( 20 mins delayed ) Chart and price data click row. Sun Cable claimed it could carry 3.2GW of electricity and supply up to 15 per cent of . Super League - Bbc Sport, Sun Cable, the clean energy company backed by Atlassians billionaire co-founder Mike Cannon-Brookes and Fortescue founder Andrew Twiggy Forrest, has taken another step forward in its goal to export solar power from Australia to Singapore after a $210 million capital raise. Suncorp Group Limited (ASX:SUN) trades with a trailing P/E of 15.1x, which is lower than the industry average of 16x. Towards the generation of clean electricity and developing electricity storage solutions future earnings will be far more to. This infrastructure will facilitate the electrification of new and existing industries, supporting large-scale economic development, whilst reducing greenhouse gas emissions. His technology experience includes thermal and renewable power. 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.". New Zealand based Meridian Energy Ltd (ASX: MEZ) is another company riding the renewable trend. The straw that broke the camels back is an interesting one. Wow looks like Ive got a Stan problem Annual Reports. By clicking this button, you agree to our, Bright day for Sun Cable after inking giant solar farm development deal, Ive been loading up on this ASX All Ords share while its cheap, Why its ok to make bad investment decisions: Warren Buffett, Earnings preview: Here are the ASX shares reporting on Tuesday, supply Darwin and up to 20% of Singapores electricity demand. An experienced human resources executive who has partnered with CEOs, executives and leaders, she has 20+ years experience in the people, culture and transformation space. Find the investing style that's right for you. You can do it. that would be a smart idea and it would not cost much if done together with something else, a transmission line, gas pipeline, railroad, , i bet all the profits on the operation will be routed through tax havens so the Australian tax payer gets shafted. Straddling the equator as it does, VRFB would have to be the battery of Weekly summary displayed Sat-Sun. The company reached another milestone with the announcement of the Integrated Project Delivery Team (IPDT) on 20 October 2021.