SunCable’s flagship project receives approval to advance to the next stage
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SunCable announced that it has secured the principal environmental approval from the Northern Territory Government and Northern Territory Environment Protection Authority for the company’s “flagship Australia-Asia Power Link Project.”
The approval makes way for the project to advance to the next stage.
With the approval, SunCable now has the authority to advance the development, commercial and engineering activities associated with the project to take the project to the next phase, i.e. the final investment decision.
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According to the announcement, Australia-Asia PowerLink (AAPowerLink) is the world’s largest renewable energy and transmission project in development. The AAPowerLink project is predicted to become one of the “largest economic industrial developments in Australian history”.
The project aims to establish the world’s largest renewable energy precinct in the Barkly region of the Northern Territory.
The project, which has two stages of development, aims to generate nearly 4 gigawatts (GW) of green electricity around the clock and provide it to green industrial customers in Darwin and 1.75 GW of electricity to customers in Singapore via a “4,300 km subsea cable”.
Stage 1 of the developmental process is expected to deliver the energy by utilising 900 megawatts (MW) and expand to 3GW in Stage 2.
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SunCable Australia’s Managing Director Cameron Garnsworthy said SunCable is delighted to receive environmental approval from the Northern Territory Government to proceed with our flagship Australia-Asia Power Link project.”
He added, “AAPowerLink presents a unique opportunity for the Northern Territory to be at the forefront of this global shift by developing its world-class renewable energy resources to supply customers in Darwin and Singapore with 24/7 green electricity.
The announcement mentioned that a final investment decision will be reached in 2027, and electricity supply will begin by the early 2030s.
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