Billionaire urges overhaul of collapsed Australia-Asia solar mega project

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Billionaire urges overhaul of collapsed Australia-Asia solar mega project
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MELBOURNE : Iron ore magnate Andrew Forrest called on Thursday for an overhaul of a $20 billion-plus project to send solar power from Australia to Singapore, which collapsed after he and tech billionaire Mike Cannon-Brookes split over funding plans.Singapore-based Sun Cable, largely owned by Forrest's pri

MELBOURNE : Iron ore magnate Andrew Forrest called on Thursday for an overhaul of a $20 billion-plus project to send solar power from Australia to Singapore, which collapsed after he and tech billionaire Mike Cannon-Brookes split over funding plans.

In Squadron's first public comments since the collapse was announced on Wednesday, the firm said the project"requires vision and precise execution". The project involves building a 20 gigawatt solar farm, the world's biggest energy storage facility and the world's longest undersea cable, 4,200 kilometres long, to deliver power to Singapore and Indonesia.

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