Giant solar farm project in doubt after disagreement between Mike Cannon-Brookes and Andrew Forrest
by Peter Hannam from on (#67PRN)
Australian billionaires had backed $30bn Sun Cable venture designed to help power Darwin, Indonesia and Singapore but the company has gone into voluntary administration
Australian billionaires Mike Cannon-Brookes and Andrew Forrest have fallen out over plans to build a giant solar farm in the Northern Territory to supply Darwin, Indonesia and Singapore with power, with the venture entering voluntary administration.
Grok, the family investment arm of Cannon-Brookes, and the appointed administrators said in separate statements the company driving the project, Sun Cable, would continue to operate and seek new financial support.
Sign up for Guardian Australia's free morning and afternoon email newsletters for your daily news roundup
Continue reading...