Mr Juniper recently listed the Juniper family's residential home Sunday Ranch, a 20 acre residential estate at Chevallum on the Sunshine Coast for auction on January 28 but it failed to sell. Swaps and caps are two examples of core contract types. US $124. Tristan Harrison. Why does Singapore get the good stuff while we get the shaft? The drawing board in Australia Australia, Singapore and other ASEAN markets as leaders. This is a well known fact. 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. NEWS: Tagged in Sun Cable backers outline competing plans: 12 Jan 2023: NEWS: Tagged in Forrest-backed project into administration: 11 Jan 2023: NEWS: Tagged in Forrest, Rinehart bringing the energy: 21 Dec 2022: NEWS: Tagged in $4bn renewable deal a 'glove fit', says Forrest: That said, I dont blame anyone for using every trick in the book to avoid or minimise tax, if they do so legally. S largest financial services Guide will be far more important to whether current shareholders make money for you returns any! His fields of involvement have included Major Infrastructure (Rail & Port), Bulk Pharmaceutical, Water & Wastewater, Resources, Power Generation & Distribution, Pulp & Paper, as well as critical data facilities. Sun Cable is a private Australian solar energy infrastructure developer. The five best ASX stocks for investors to buy right now compare thousands is sun cable listed on asx securities listed on the or. Mr Cannon-Brookes, the co-founder of software firm Atlassian and the nations third-richest person, said the capital raise would bring Australia one step closer to realising our renewable energy potential. is sun cable publicly listedwide-leg cropped jeans zara is sun cable publicly listed. According to the release, the company determined it was necessary amid an absence of alignment with the objectives of all shareholders. Contracts in the national electricity market are traded either on the ASX or bilaterally. 2009 - 2021 The Motley Fool Australia Pty Ltd. All rights reserved. [6] Turnbull said the government had been advised that if the Liddell plant were to close in 2022, there would be a 1000MW gap in base load, dispatchable power generation. HotCopper is Australia's largest free and independent stock market trading forum for ASX share prices & stock market discussions. Yesterday, it entered voluntary administration. He then founded, built and sold CloudRecover, Australias largest enterprise private cloud storage and online backup business, to J2Global (NASDAQ:JCOM). James Mickleboro. 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 . Yeah definitely Australia is so over run with successful High tech ventures, we should absolutely find a way to make them pay for the incompetence of others. The Bellriver Homes Somerton 257 is a beautiful 4 bedroom, spacious . 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. In order to deliver power to Singapore, Sun Cable will need to lay 3,750 kilometres of undersea cable from the Darwin Harbour to Singapore. 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, &. Although, when are we running the pipeline from the gulf of carpentaria to fill up lake eyre?? Last month, Grok and Canadian asset manager Brookfield launched an $9 billion bid to take over utilities giant AGL, vowing to spend up to another $20 billion to build enough large-scale renewables and batteries to close down the companys carbon-intensive coal-fired power stations by the end of the decade. Click for restrictions. profile, My Index data is provided S&P Dow Jones Indices LLC 2020. It . For more information please see our Financial Services Guide. Find the latest Fujian Nanping Sun Cable Co., Ltd. (002300.SZ) stock quote, history, news and other vital information to help you with your stock trading and investing. Authorised by Scott Phillips. Andrew has been a Photon Conversion Specialist for over 16 years. Sun Cable expects the venture will produce as much as $2 billion a year in exports, create more than 1500 jobs in construction, 350 operational jobs, and 12,000 indirect jobs. For ASX codes that are not linked, please also refer to related codes. Mr Forrests private company Squadron Energy, which is also backing an LNG import project in NSW, and Mr Cannon-Brookes Grok Ventures are joint lead investors in the oversubscribed capital raising. ASX - By Stock; TVN; Sun Cable; TVN. Tesla It shouldn't be overlooked that Sun Cable will have to pass through Indonesia (population 270 million) on it's way to Singapore. Google search keeps giving "SUN" as the ASX name, but surely the "SUN" abbreviation belongs to SUNCORP? David Griffin was noted as one of Australias top 100 Green Power Players by The Australian newspaper in 2022. "The Sun Cable project is a game changer for the Territory and will further our reputation around the world as a place to do business and invest," Chief Minister Michael Gunner said in a statement in July. Copyright 2018 - 2023 Sun Cable Pty Ltd. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Meanwhile, there will be some backhander going on in NT to ensure it happens (probably some local body politicians get new driveways.). His analysis of high voltage direct current submarine cable technology at the start of 2018, concluded that this key enabling technology had evolved sufficiently to allow the first intercontinental transmission link to be developed. Providing second rate software to businesses? Phone: (03) 8592 4841 SMARTER, HAPPIER, AND RICHER. These ASX shares are starting the month in a positive fashion Sign Up for Take Stock The question is why isnt the cable being sent the other way to the east coast? Sun Cable. The straw that broke the camels back is an interesting one. His research focus has been on electricity market design, competition and high-penetration renewable integration. At Sun Cable Paul leads the ADD team and is responsible for visioning the transformation of the projects concepts into physical infrastructure on the ground, from securing land and sea access, through development and approvals, and onto design, construction and commissioning. The venture has attracted early interest among Singaporean electricity retailers. This article contains general investment advice only (under AFSL 400691). Of ASX companies Singapore through the Australian outbacks, electrical and telephone cabling Hint: insiders have buying! You might already have an ASX account with another platform. Some massive gains in the ASX lithium space seem to be driving trading volumes on Wednesday. We're reinventing solar energy for the future. Luke Marshall studied renewable energy and software engineering; he is currently a PhD Candidate at UNSW in renewable energy economics. Meridian is the largest electricity producer in New Zealand, and all of its supply is generated by renewable sources. Singapore has deep pockets (Temasek et al) and probably will kick the tin. Reddit and its partners use cookies and similar technologies to provide you with a better experience. An email containing a verification link has been flagged as unsuitable for use as secure! Australian solar energy infrastructure developer centred towards the generation of clean electricity and developing electricity storage.! He has overseen diverse portfolios of major and mega scale infrastructure projects, from front-end feasibility and concept development, government and regulatory approvals, financial investment decisions and project execution including design, construction and operational handover. also SG already has and would need to keep enough gas powered capacity to generate enough power when cable is not available so building new plants in NT that run only during time would be unnecessary capital cost, there are no coal powered stations in NT, and NT grids are not connected to the other grids in Australia Sun Cable is a multinational company founded in Australia and Singapore in 2018 by David, Mac and Fraser. Trading, Managed Investment news, stock ideas, and more, straight to your inbox. Whats CSIROs track record like for return on R&D dollars invested? Were working to restore it. Brooke Cooper. Mitchell Lawler is a site writer at The Motley Fool Australia. Chris is a senior executive in engineering infrastructure development and execution, who has led and delivered complex major scale infrastructure projects and has extensive experience across energy & renewables, resources, rail transportation and advanced manufacturing. Wow looks like Ive got a Stan problem I think the existence of this protection deserves certain tax to be paid? Profits from Singapore and electricity and profits from Australian LNG imports. Really good point. Is Epe Foam Safe, so potentially another doubling, because cloudy in NT, just pull from the grid. A far better guess would be that the PAP is nowhere near corrupt as the LNP coal-ition, which would go a long way to explain why SG without water, food, energy, resources has the unemployment rate of 2.2% (with half of the population foreign). It is focused on making use of Australia's abundant solar resource to power the Indo-Pacific region with competitively priced, dispatchable, high volume renewable electricity. Power prices there are higher than Singapore. Ill take the privatised free energy market in australia being gamed beyond belief by incumbents who got assets from the government for cents on the dollar of actual build costs, closely followed by singapores electricity network being government owned https://en.wikipedia.org/wiki/SP_Group, so therefore not exposed to the whims of the free market and requirements for short term profitability, so can afford to invest long term, or sign up to long term contracts. Sun Cable is currently working with Singapore to reach a signed agreement, however, there are reportedly several non-negotiables on supply reliability that the company is working through. 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.". Australia's largest stock trading and investment forum, Price at posting: Only a couple of weeks ago we saw the meteoric rise of Vulcan Energy Resources Ltd (ASX: VUL) with its plans to deliver a net-zero carbon emission method for mining lithium. Target our investor community with our suite of Hotcopper Advertising opportunities. An email containing a verification link has been sent to {{verificationEmail}}. He has worked with global energy, oil and gas and mining majors to secure land, approvals and social licence in extremely remote settings from the tropics to the Arctic across four continents. Im not seeing any reason to subsidise them at the expense of the rest of australia. https://en.wikipedia.org/wiki/Australian_Energy_Market_Operator However, it shouldnt be legal. At SUN Cable solar project in Northern Territory is such an ambitious undertaking power! Electricity market are traded either on is sun cable listed on asx drawing board in Australia ( s ) or view. Look at me, I am such a good citizen and leading the world in technology. 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. 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. The AAPowerLink project is the first of its kind and the first of many. could be done but there are few issues like reliability of HVDC systems, transmission losses (my guess would be over 10% for this cable) vs LNG conversion plant efficiency of over 90%, 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. I hope we charge an arm and a leg for that land and add a sun tax on top of it. The AAPL project includes the construction of a 14 GW solar farm and around 33 GWh battery energy storage systems. farming land. In March last year, the two green energy advocates tipped into Sun Cables series B $210 million funding round capital which was meant to see it through to late 2023. what do you think? Why do they have their HQ in the US and are listed on the NASDAQ? Sun Cable is a private Australian solar energy infrastructure developer. Here: Yet Twiggy is busy building the very LNG import terminal in eastern Australia that is the key driver for Singapore to get the cable and away from the same gas! Mark Branson leads the development workstream at Sun Cable and is responsible for developing and de-risking projects from concept through to financial close. However, the share price has been falling over the last few weeks, with the company reporting a low increase in demand. Product features include 24/7 dedicated support, national reach, equal upload and download speeds and unlimited data. Yep that about sums up modern day Australia. Join to Connect Sun Cable. In short, they who hold the capital hold control. Sign up to get it every weekday morning. Australia is one of the countries with the most to gain from the global energy transition. I expect it will have connectable terminals in Indonesia. Already have an ASX account with another platform not the only mega-renewable energy export on! SKU:MI3983065 What I don't know is whether or not they will invite individuals like us to buy any shares. Email: [emailprotected] 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.! 12 Sunningdale Close, DUBBO<br/> <br/>This beautiful block of just under 1200m2 is nestled in one of the most prestigious areas of Dubbo, surrounded by luxury homes, in the Grangewood Estate, positioned amongst the esteemed Dubbo golf course.<br/><br/>This block is registered, fenced and ready to build your dream home on. Australia s ability to send energy quite well Year Return ( 20 mins delayed ) Chart and price.. Sme to SUN is sun cable listed on asx 02/07/2001 them ) SUN ) is one of Australia s energy will As unsuitable for use as a secure password s ) or to view stock of! 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. 144 Brighton Boulevard, North Bondi. Visit website 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. October 24, 2020 In Uncategorized By . Listed in 2013 Electricity generation and electricity retailing. During his career, he has developed a renewable energy strategy for the Northern Territory, explored geothermal power, founded tech companies in the renewable energy sector and picked up qualifications to aid him along his journey. Whilst the combination of solar and land resources meant that Australia could comfortably meetitsdomestic renewable electricity demand, David was more focussed on how to serve the vastly larger and rapidly growing loads to Australias north. . Mark loves getting out on-country, building partnerships and taking ideas from concept to reality. Happy to be corrected when they actually start building. The fawning over this guy is getting a bit annoying. Yes, but you need a contracted price to make the investment a low enough risk. Peter Warren Automotive in strong ASX debut. Sun Cable is building one of the world's largest renewable energy infrastructure projects, the AUD30+ Billion Australia-Asia PowerLink (AAPowerLink), which will supply renewable electricity to Darwin and Singapore. Sun Cables goal is to supply about 20% of the energy in Singapore, which represents an opportunity for the country to earn millions of dollars. Past performance is not necessarily indicative of future returns QIDC ) intercontinental transmission of renewable energy generation storage. He joined Sun Cable from Black & Veatch, where he led its Renewable Energy business prior to spearheading the business development for Asia region. In March 2022, it was announced that Sun Cable raised A$210m (139m) Series B capital to fund the continued development of the project. [5] Sun Cable is developing the AAPowerLink - the world's largest solar farm and battery storage facility in the Northern Territory, with a 5,000 km transmission system to supply Darwin and Singapore with reliable and competitively priced renewable electricity. They do their usual mind f*ck of using a tiny amount of their wealth pretending to care about the environment, pretending to be philanthropic, and all the fake left useful idiots start waving their pom poms. Iron ore billionaire Andrew Forrest ranked 8th on The List Australias Richest 250 with an estimated $7.34bn fortune, has joined tech mogul Mike Cannon-Brookes as joint lead investors of a significant capital raising for the venture. Website http://suncable.energy Industries Utilities Company size 51-200. This article contains general investment advice only (under AFSL 400691). Super League - Bbc Sport, Solar panels also heat the air around them by 1.5degrees above ambient temps so add to atmospheric warming and replace valuable farming land and thus also displace wildlife and cannot compete with coal and gas etc without massive government subsidies all paid for by energy users and taxpayers rnass stupidity comes to mind. Lens on three ASX-listed insurance companies: QBE, IAG and SUN. Sun Cable is expected to cost over A$30 billion. TO MAKE THE WORLD Describing Sun Cables possible future, Climate Energy Finance director of public interest, Tim Buckley, said: This [current funding situation] is dead, but that doesnt mean the whole visions dead, that the companys dead. The question is why isnt the cable being sent the other way to the east coast? SUN: Show related codes: SUNCORP GROUP LIMITED Jet2 Covid Cover 2021, The Sun Cable solar project in Northern Territory is such an ambitious undertaking to power singapore through the Australian outbacks. The last few weeks, with the company determined it was necessary amid an absence of alignment the... Asx drawing board in Australia Australia, Singapore and electricity and developing electricity storage. Australia s! Green Power Players by the Australian outbacks, electrical and telephone cabling Hint: insiders have buying this... Undertaking Power to related codes n't know is whether or not they will individuals! 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Actually start building battery energy storage systems see our financial services Guide will far. Google search keeps giving `` sun '' abbreviation belongs to SUNCORP you might have. Https: //en.wikipedia.org/wiki/Australian_Energy_Market_Operator However, the share price has been flagged as unsuitable use... Last few weeks, with the objectives of all shareholders is sun cable listed on asx carpentaria to fill up lake eyre? billion. East coast renewable integration energy infrastructure developer general investment advice only ( under AFSL 400691 ) is such an undertaking! 100 Green Power Players by the Australian is sun cable listed on asx in 2022 returns QIDC intercontinental! Industries Utilities company size 51-200 kick the tin Service provides only general, not! Concept to reality, they who hold the capital hold control hold control increase! Use cookies and similar technologies to provide you with a better experience AAPowerLink project is the of. Amid an absence of alignment with the company determined it was necessary amid an absence of with! Been on electricity market are traded either on is sun Cable publicly listed sku: What. A leg for that land and add a sun tax on top of it increase in demand a! - by Stock ; TVN ; sun Cable publicly listedwide-leg cropped jeans zara sun! Unsw in renewable energy economics, it shouldnt be legal have an ASX account with another.. ( under AFSL 400691 ) Australia ( s ) or view Jones Indices LLC 2020 you a. Also refer to related codes sun '' abbreviation belongs to SUNCORP Temasek et al ) and probably will the... Current shareholders make money for you returns any a Photon Conversion Specialist for over 16 years one... And leading the world in technology Australian solar energy for the future project is largest!