SunCable’s Australia-AsiaPowerLink (AAPowerLink) project received conditional approval from Singapore’s Energy Market Authority (EMA), affirming its technical and commercial viability. This approval enables SunCable to proceed with development, including partnerships in Indonesia and commercial discussions in Singapore. The project will deliver up to 1.75 GW of renewable energy to Singapore, fulfilling 15% of its power needs, and supply 4 GW to Darwin, Australia, for industrial use. Utilizing solar and wind resources in Australia’s Northern Territory, the project ensures a 24/7 energy supply. SunCable has invested over AUD250 million(~$16.6 million) so far, with a planned USD $2.5 billion investment in Indonesia to create 7,500 jobs. The project is projected to generate AUD $20 billion in economic value for the Northern Territory and significantly support Singapore’s Net Zero goals.
SunCable’s AAPowerLink got approval from Singapore’s EMA
SunCable has invested AUD $250 million in its AAPowerLink project, supporting development across Australia, Singapore, and Indonesia. (Image Credit/Source: Coernl/Pixabay)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)