The battle of the billionaires has ended, with Mike Cannon-Brookes revealed as the successful bidder for the massive Sun Cable project in the Northern Territory, keeping alive plans to export Australia generated solar power to Singapore.
News emerged late on Friday that a consortium led by Grok Ventures and including Australian investment heavyweight Quinbrook had been successful in acquiring Sun Cable and its assets, including the giga-scale solar, battery and undersea cable project.
In a joint statement, Cannon Brookes said the deal was “a big step in the right direction” for Sun Cable, while Quinbrook’s David Scaysbrook said his company was well positioned to help complete development of what promises to be “a project of global significance.”
