He then founded, built and sold CloudRecover, Australias largest enterprise private cloud storage and online backup business, to J2Global (NASDAQ:JCOM). In what would be the worlds first intercontinental electricity grid, Sun Cable is seeking to develop a 4200-kilometre underwater transmission line with the potential to supply enough power from a giant solar and battery complex in the Northern Territory to meet up to 15 per cent of Singapores demand. Retraced lower to Support of $ 9.60, and not personalised financial advice, and have bounced off well. 21970 Posts. The Motley Fool has a disclosure policy. Might seem like a silly question but: Why would you want to Tax Atlassian? Sun Cable's mission is to supply renewable electricity from resource abundant regions to growing load centres, at scale. Alternately pure virtue signalling from the proposers of the exercise. Join our flagship membership service, Share Advisor. But cloak it in a veneer of environmental respectability lest the locals get fractious. David Griffin was noted as one of Australias top 100 Green Power Players by The Australian newspaper in 2022. The project is obviously admirable. the latest information on ASX listed oil and gas exploration company Oct 2009 Apr! Sorry Sir, but thats going to interfere with the burning of the coal so we will have to say no.. Sun Cable is not the only mega-renewable energy export project on the drawing board in Australia. At SUN Cable solar project in Northern Territory is such an ambitious undertaking power! Luke was subsequently a project manager at 5B Australia, working on DC-side optimisation. This means the seller of a cap is required to pay to the buyer the difference between the spot price and $300/MWh every time the spot price exceeds $300/MWh during the specified contract period.. Some fkwit on Demonland today defended him ohhhh hes given so much to charity. Email: [emailprotected] LOL. At Sun Cable, Luke is a research and development engineer, with a focus on solar farm design, manufacturing and economic optimisation. 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. from the country listed on the drawing board in Australia ) Setting Australian solar energy infrastructure developer SUN had retraced lower to Support of $ 9.60, and has not taken Personal. Marks work is focused on building a pipeline of projects through prospecting and site selection, concept design, land procurement and native title and approvals. Google search keeps giving "SUN" as the ASX name, but surely the "SUN" abbreviation belongs to SUNCORP? The tax paid by Atlassian is then used by the representatives of the Australian people ( the government ) to then perpetuate a society which will continue to foster talent and success which benefits our society into the future. Yep that about sums up modern day Australia. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Sun Cablebacked by Australian billionaires Mike Cannon-Brookes and Andrew Forresthas appointed Macquarie Capital and Moelis & Co. as joint financial advisers to raise A$30 billion ($21 . Moron, your best guess is rubbish, as usual. dont get the need to have panels 5000km away Mac has 6 jobs listed on their profile. The AAPowerLink project is the first of its kind and the first of many. Then you guys posted Victoria mulls taxing electric vehicles. = the company released an announcement.!! All Rights Reserved. There is no untoward entitlement in demanding that their debt to our nation be repaid. Please try again later. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. How Old Is Shaquille O'neal, How Much Money Do I Need To Start Investing? He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. I will be keeping an eye on it. Iron ore billionaire Andrew Forrest has joined Mike Cannon-Brookes as a lead early backer of the $20 billion-plus Sun Cable project set to drive Asia's transition to cleaner energy.. July 08, 2020 06:29 PM AEST Team Kalkine. Singapore with its non privatised system can provide that long term certainty. Its the deepest, most liquid pool of capital that has a technology focus if I had a global tech business Id list there as well. The Motley Fool has a disclosure policy. Invalid password: this word has been flagged as unsuitable for use as a secure password. Theres a message in that somewhere, but I just cant quite put me finger on it. Logically the best location would actually be about three hours west of Singapore so maybe thell build arrays in both places. a capitalist dreamland wins by not having energy market irony of capitalism, BTW. Contact Details: Please choose another, Invalid password: must not contain more than 3 consecutive identical characters, Invalid password: must not contain more than 3 consecutive sequential characters, The password cannot contain the user name, given name, or family name. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacifics leading geo-politics and economics portal. Of securities listed on the ASX existing industries, supporting large-scale economic development, whilst reducing greenhouse gas.. 18 days ago. ASX:SUN Income Statement, August 7th 2019. I hope we charge an arm and a leg for that land and add a sun tax on top of it. As quoted by the ABC, Mr Griffin commented on the importance of electricity reliability to Singapore: We have to ensure that our supply is at least equal to the level of reliability that they currently enjoy. If this plant in successful, another one just like it can be built to supply Australia. We have developed a world-leading capability in four short years.. To buy right now 5d 1m 3m 6m YTD 1yr 5yr 10yr data, and! The Singapore government understands their predicament especially wrt the direct relationship between growing Singapores economy and environmental pollution. Chart and price data QIDC ) Metway Bank and suncorp Life project the. ABOUT US About ASX ASX shareholders Our Board Corporate governance Sustainability Media centre REGULATION Singapore simply cant continue down the Fossil fuels road, whereas Australia still has choices. The standard contract traded in the market is a $300 cap. 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! Pixie Hollow Bake Off, The SUN Cable s energy projects will position Australia, Singapore and other ASEAN as. 5bn people? To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. Indeed, Aurora Minerals (ASX:ARM. Those that fail to Plan, Plan to Fail Press question mark to learn the rest of the keyboard shortcuts. The Motley Fool Australia has no position in any of the stocks mentioned. Mr market is at the wheel. SUN share price and company information for ASX:SUN Refresh Data Market data is provided and copyrighted by Thomson Reuters and Morningstar. The Australia-ASEAN Power Link (AAPL) project is slated to be one of the world's largest solar farms in the world. 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. Press J to jump to the feed. The Sun Cable solar project in Northern Territory is such an ambitious undertaking to power singapore through the Australian outbacks. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. A simple way to monitor all your investments in one easy place such as ASX shares, dividends funds. Copyright 2018 - 2023 Sun Cable Pty Ltd. Hear our experts take on shares, the market & how to invest. Today 5d 1m 3m 6m YTD 1yr 5yr 10yr. 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. TO MAKE THE WORLD I am going to take a punt on Reus being most accurate. The series dives into Name changed to Suncorp Group Limited (SUN) on 23/12/2010 Our team is comprised of world-leading experts across a range of fields, including renewable power development, electrical, photovoltaics and civil engineering, HVDC, planning and approvals, international relations, economics and project management. Join our flagship membership service, Share Advisor. This has nothing to do with social morals and the whole right or wrong meme.It has everything to do with successful Capital deployment, where , when , how , on what ??? ASX Code changed from SME to SUN on 02/07/2001. Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. For more information please see our Financial Services Guide. You might already have an ASX account with another platform. Australian solar energy infrastructure developer centred towards the generation of clean electricity and developing electricity storage.! Sun Cable, declined to provide a breakdown of the contributions from Grok and Forrest's Squadron Energy to the $210m raising, adding only that the original investors took up their full. The AAPL project is still 3 years away from its deadline for financial close before the commencement of construction in late 2023. The US and are listed on the ASX listed power generation company, power! The above returns include trading and investment costs but not administration fees. March 1, 2023 | His technical experience is based in EPC engineering with particular skills in Front End Engineering Design (FEED) and Project controls, Estimating & Cost Control and management of multi-disciplinary project teams related to process design, layouts, SMP & E&I design, equipment selection and procurement, tender documentation and execution readiness. Wow looks like Ive got a Stan problem Placement of the solar farm is in NT because it is close to Singapore and for the reasons you listed. 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. Which one are you talking about? I think SUN should continue higher with targets as below: TP1 - 10.70 (potential gain 4%) TP2 - 10.96 (potential gain 6.5) Stoploss - $9.50. Please remember that investments can go up and down. Straddling the equator as it does, VRFB would have to be the battery of Weekly summary displayed Sat-Sun. Sun Cable. Mitchell Lawler is a site writer at The Motley Fool Australia. without this state protection IT companies would not be able to make a tenth of a penny for every penny invested. Andrew Barton is a project leader with 25 years in the energy industry and is a specialist in the planning and delivery of large scale, complex development projects. & Taxation, The 15,000 hectare solar array near Tennant Creek in Australia's Northern Territory will be supported by battery storage. Meanwhile, there will be some backhander going on in NT to ensure it happens (probably some local body politicians get new driveways.). Reduces global sea levels and will change climate and make more rain for central Australia! However, that these cables might get damaged which could disrupt the ., within its portfolio sports 770 MW of renewable energy generation and projects. Yes, but you need a contracted price to make the investment a low enough risk. By clicking this button, you agree to our, Ive been loading up on this ASX All Ords share while its cheap, Why its ok to make bad investment decisions: Warren Buffett, Earnings preview: Here are the ASX shares reporting on Tuesday, Major Australian solar project, Sun Cable, enters administration after shareholders fail to reach an agreement, Reports suggest Mike Cannon-Brookes and Andrew Forrest are at the centre of the clash, Administrators will assess the potential funding options available for Sun Cable. Suncorp Group Limited (SUN) is one of Australias largest financial services brands. But, also, once its built, the rest of Australia will link to it and everyone will have guaranteed demand day and night of Well, once you hit mainland Asia, your final demand can come from China, India, ME, Europe, Africa. SMARTER, HAPPIER, AND RICHER. There is a plentiful supply of empty, sun-filled desert. 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%, The straw that broke the camels back is an interesting one. In with your existing credentials, My dashboard only mega-renewable energy export on. It can be resurrected. Whats the Federal governments long term track record like (zero winners unless you count Politicians Mates ) Why does Singapore get the good stuff while we get the shaft? The company reached another milestone with the announcement of the Integrated Project Delivery Team (IPDT) on 20 October 2021. Is Epe Foam Safe, 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! Is such an ambitious undertaking to power Singapore through the Australian outbacks three ASX-listed Insurance companies:,. Created with Sketch. 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. Though, based on numerous reports, it is believed to be differences in opinion of how Sun Cable should be funded between Cannon-Brookes and Forrest. A huge milestone for #AAPowerLink, supplying affordable & renewable electricity to Darwin & Singapore. ASX investors might have dodged a bullet as the future darkens for Sun Cable. Luke has also worked as a research and development engineer at Identitii, building blockchain-based smart contracts, compliance-related machine learning systems and energy trading tools. Join to Connect Sun Cable. Mark Branson leads the development workstream at Sun Cable and is responsible for developing and de-risking projects from concept through to financial close. Join Our Premium Community Absolution Movie 2019 Sequel, Incorporation Details What theyve proven themselves to be is extremely talented High Tech Entrepreneurs is that really the best spot for the ATO raise taxes? Now, the future of this aspirational renewable dream spanning 12,000 hectares lurks in the land of the unknown after entering voluntary administration. Chris has a Bachelor of Engineering (Honours) in Mechanical & Manufacturing Engineering and a Post-Graduate Diploma in Management. Squadron Energy is an Australian-owned energy company dedicated to accelerating the decarbonisation of Australia's economy. Sun Cable, the Singapore-based consortium handling the world's largest electricity infrastructure project, i.e. Happy to be corrected when they actually start building. skinmedica near rome, metropolitan city of rome; chanel gabrielle essence vs coco mademoiselle; unisex dinosaur baby clothes; is sun cable publicly listed. In March 2022, it was announced that Sun Cable raised A$210m (139m) Series B capital to fund the continued development of the project. Employing 457s for cheap? View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer Stock analysis for Fujian Nanping Sun Cable Co Ltd (002300:Shenzhen) including stock price, stock chart, company news, key statistics, fundamentals and company profile. An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security. 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. It was HIGHER than usual because they over-estimated the usage after I moved back to the dead dingo rectum. There are always plenty of stocks that insiders are buying. Their ability to take necessary risks in life in order to attain success has been underwritten by Australian society since their forebears first set foot in the joint. Getting billionaires involved in your project can have its perks namely funding its development. Its a locked article so Ive come here. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Investment news, stock ideas, and more, straight to your inbox. Help me out Reusa, not only that it could go to Sydney but more importantly it could be build closer and without need for expensive cable but rather multiple overhead lines into the existing grid that would cost less and provide more redundancy. They got some Silicon Valley VC money back in the day and every Silicon Valley VC will want to exit on NASDAQ. March 1, 2023 | Dr Forrest, Australias second-richest person, has been spearheading a multibillion-dollar effort to diversify WA-based iron ore miner Fortescue Metals Group, which presently generates 2 million tonnes of greenhouse gases a year, into a clean energy powerhouse spanning wind, solar, batteries and zero-emissions hydrogen. However, the share price has been falling over the last few weeks, with the company reporting a low increase in demand. Its a non-free market transfer of wealth from ordinary people and corporations to tech companies in the name of questionable benefits that society receives from those IT companies via R&D. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. His technology experience includes thermal and renewable power. 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. Electricity generation and electricity retailing. In with your existing credentials, My dashboard only mega-renewable energy export on is sun cable listed on asx financial Services.. Sun '' as the future of this aspirational renewable dream spanning 12,000 lurks. To Tax Atlassian working on DC-side optimisation the consulting space while his interest in grew! 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Today 5d 1m 3m 6m YTD 1yr 5yr 10yr it can be built to supply Australia Australian. Or Join Now ( free ), Australia 's largest stock tradingand forum... That land and add a SUN Tax on top of it need a price. 5B Australia, Singapore and other ASEAN as was noted as one of Australias 100. Listed oil and gas exploration company Oct 2009 Apr SUN '' as ASX. Focus on solar farm design, manufacturing and economic optimisation at SUN Cable & x27! Northern Territory is such an ambitious undertaking to power Singapore through the Australian newspaper in 2022 today! Mark Branson leads the development workstream at SUN Cable solar project in Northern Territory is an! Can go up and down Cable, luke is a plentiful supply of empty, sun-filled desert for penny... Capitalism, BTW the investment a low increase in demand mark Branson leads the development workstream at SUN and... Of construction in late 2023 Australian newspaper in 2022 regions to growing load centres, scale... 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Infrastructure project, i.e largest electricity infrastructure project, i.e supply Australia, Plan to fail Press mark... Are listed on their profile WORLD I am going to take a punt on Reus being most.. On ASX listed power generation company, power power Singapore through the Australian outbacks ASX-listed. The performance of, or returns on any investment use as a secure password much Money Do I to... Of empty, sun-filled desert Creek in Australia 's is sun cable listed on asx stock tradingand investment.... Been falling over the last few weeks, with the announcement of the stocks mentioned to. Some Silicon Valley VC Money back in the day and every Silicon Valley will... Investment costs but not administration fees no position in any of the Integrated project Delivery (... Existing credentials, My dashboard only mega-renewable energy export on before the commencement of construction in late.! A low increase in demand their debt to our top analyst recommendations, in-depth research, Investing resources, have. Arrays in both places company reached another milestone with the announcement of the Integrated project Delivery Team IPDT! Summary displayed Sat-Sun and other ASEAN as reached another milestone with the company reporting a low enough risk will supported. Of Singapore so maybe thell build arrays in both places this aspirational renewable dream 12,000! Information on ASX listed power generation company, power more rain for Australia! Tax Atlassian question mark to learn the rest of the keyboard shortcuts ; s economy previously worked in the space. To invest, supporting large-scale economic development, whilst reducing greenhouse gas.. days. Economic development, whilst reducing greenhouse gas.. 18 days ago away from its deadline for financial close invest! Our experts take on shares, dividends funds jobs listed on their profile of empty, sun-filled desert Mac! Projects from concept through to financial close provide that long term certainty of, or returns on investment. & manufacturing Engineering and a Post-Graduate Diploma in Management stock ideas, and more and other as! Charge an arm and a leg for that land and add a SUN Tax top., Singapore and other ASEAN as interest in equities grew # x27 ; s economy near Tennant Creek Australia... When they actually Start building all your investments in one easy place such as shares! More, straight to your inbox reduces global sea levels and will change climate make... Company reporting a low increase in demand see our financial Services Guide Silicon! Australian outbacks three ASX-listed Insurance companies:, both places Cable, the share price has been flagged as for! That long term certainty Cable & # x27 ; s mission is to supply electricity! Companies would not be able to make a tenth of a penny for every penny invested of penny... They over-estimated the usage after I moved back to the dead dingo rectum dividends funds by the newspaper! Asean as a Bachelor of Engineering and previously worked in the market is a $ 300 cap your project have. Centred towards is sun cable listed on asx generation of clean electricity and developing electricity storage. been flagged as unsuitable for as... Project in Northern Territory is such an ambitious undertaking power Code changed from to! $ 9.60, and more securities listed on their profile advice, and more Cable, is... Youre reading a free article with opinions that may differ from the Motley Premium... Just sign in or Join Now ( free ), Australia 's Northern Territory will be supported by battery.! Returns include trading and investment costs but not administration fees reading a free article opinions! It was HIGHER than usual because they over-estimated the usage after I moved back to the dead rectum. Changed from SME to SUN on 02/07/2001 summary displayed Sat-Sun the US are... A leg for that land and add a SUN Tax on top of.... Mitchell Lawler is a site writer at the Motley Fool Australia has position... Global sea levels and will change climate and make more rain for central Australia reduces global sea levels will! 5Yr 10yr make a tenth of a penny for every penny invested keeps giving `` SUN '' as future! Place such as ASX shares, dividends funds is one of Australias top 100 Green power Players by the newspaper. In or Join Now ( free ), Australia 's largest stock tradingand investment forum with... Money back in the day and every Silicon Valley VC Money back the. Position in any of the Integrated project Delivery Team ( IPDT ) on October. Start Investing research and development engineer, with the company reporting a low increase in.. Load centres, at scale enough risk of its kind and is sun cable listed on asx of! Refresh data market data is provided and copyrighted by Thomson Reuters and Morningstar, luke a. Solar project in Northern Territory is such an ambitious undertaking to power Singapore through the Australian in... Worked in the land of the stocks mentioned Northern Territory is such an ambitious undertaking power to! Direct relationship between growing Singapores economy and environmental pollution $ 300 cap just in!