Australia Greenlights Ambitious $13.5 Billion Solar Power Export Project

Australia has approved an ambitious project to export solar power to Singapore via a subsea cable spanning over 4,300 kilometers. The project has an estimated price tag of some $13.5 billion, Reuters reported, and the final investment decision on it is slated for 2027, with electricity set to start flowing along the cable in 2030. The capacity of the project will be a maximum of 6 GW, part of which will be delivered to the capital of Australia’s Northern Territory, Darwin, with the rest going to Singapore. The original idea for the cable…