Singapore-based Sun Cable is going into voluntary administration, the clean energy firm said on Wednesday (Jan 11), months after billionaire Mike Cannon-Brookes took on the role of chairman. The company is aiming to develop a A$30 billion-plus (US$20.69 billion) project to supply solar power from Australia
Singapore-based Sun Cable is going into voluntary administration, the clean energy firm said on Wednesday , months after billionaire Mike Cannon-Brookes took on the role of chairman.
However, the mega project has fallen short of funds as its shareholders were unable to reach a consensus on its future direction and funding structure, prompting the company to appoint FTI Consulting as voluntary administrators.
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