'The Australian' online reports:"The giant $30bn Sun Cable project, one of the country’s largest renewable developments, has fallen into administration.
The company is backed by both Mike Cannon-Brookes and Andrew Forrest, and was building a major solar project in the Northern Territory and a cable to power Darwin and Singapore.
The two billionaires are understood to have different views on the optimal funding package and strategic vision for the project..."
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These renewables projects are, on balance, bad for Australia. I won't be so churlish as to wish more fail but as a person of note once remarked about a completely different matter "The thought has crossed my mind".
Ann: Company presentation, page-23
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