Good to see some commonsense at last. Today in the AFR."It’s doubtful the $35 billion
Sun Cable project went into voluntary administration because of a disagreement between its billionaire backers. It failed because it was always going to fail."
Agreed"The project has become a quiet running joke inside the electricity industry since first proposed by activist billionaires Andrew Forrest and Mike Cannon-Brookes in 2018."
Was it clever? NO, it was just plain stupid."Clever? Innovative? No. Just expensive and risky. Sun Cable’s centrepiece was its great weakness: a massive 4200 kilometre-long undersea power cable running from Darwin to Singapore.
Surely somebody at Sun cable had some brains and could calculate the copper cable cost, unfortunately NO."Based on Viking’s current cost estimates, Sun Cable’s submarine cable alone would have cost at least $15 billion, probably a lot more. These billions would have been added to the price changed for electricity sales, as well as the 12 per cent of electricity lost as heat along the way."
Who would've thought it was a crap idea, I know I did."Cannon-Brookes and Forrest dreamed up a big idea in 2018, but it was never going to fly. It took five years to admit they were wrong."
