Atlassian (TEAM) Tops Q4 EPS by 4c; Guides Q1 EPS Below Views

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Australia fast tracks approval process for $16 billion solar power export project

July 30, 2020 2:32 AM EDT

By Sonali Paul

MELBOURNE (Reuters) - Australia's plan to fast track the approval process for a A$22 billion ($16 billion) project to export solar power to Singapore could help it secure financing earlier than planned, the project's boss said on Thursday.

The ambitious Australia-ASEAN Power Link project, run by Singapore-based Sun Cable, plans to supply solar power to Singapore and eventually Indonesia via the world's longest subsea high voltage cable.

It would consist of a 4,500-km (2,800-mile) cable linked to a 10 gigawatt solar farm as... More