As of 2019, the share of Australias renewables is increasing mainly due to the consistent uptake of solar power in the residential and commercial sector. This is MCBs private investment vehicle. Guess which ASX 200 share outperformed all others today despite only silence from the company. Thank you. The other investors have not been disclosed. Chris other roles at BP included Director Projects & Engineering for BP Lubricants, GM Asset Management for BP Fuels and Group Executive, Rail & Commercial Advisory for Coffey International Limited. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. Sun Cable is a private Australian solar energy infrastructure developer. Our latest articles and strategies for the post-work life you want. Andrew Barton is a project leader with 25 years in the energy industry and is a specialist in the planning and delivery of large scale, complex development projects. most of our plants operate on long term contracts, spot price only covers few % of demand. Why does Singapore get the good stuff while we get the shaft? ABOUT US About ASX ASX shareholders Our Board Corporate governance Sustainability Media centre REGULATION The company reached another milestone with the announcement of the Integrated Project Delivery Team (IPDT) on 20 October 2021. Fujian Nanping Sun Cable Co. Ltd. Watch list Closed Last Updated: Jan 20, 2023 3:00 p.m. CST Delayed quote 8.13 0.14 1.75% Previous Close 7.99 Advanced Charting Volume: 5.56M 65 Day Avg:. Burn the NG here instead of compressing it to send it to Singapore, maybe thats the real game plan. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. Some massive gains in the ASX lithium space seem to be driving trading volumes on Wednesday. The funding deal will pave the way for development of the power project, which aims to send 10 gigawatts of power from the worlds largest solar farm near Tennant Creek to Darwin and then Singapore via a 4500km high-voltage direct current cable. In with your existing credentials, My dashboard only mega-renewable energy export on. Probably because Singapore agreed to pay for it. to get 2.5GW generation (planned size of the sun cable link) in Singapore one needs to cover around 20km2 (4x5km) with solar panels Join Our Premium Community Yep thats what I think, looks to me you are missing fundamentals, who pays for the gains given by the state to owners of IP, without state protection of IP rights Atlassian would not be making much money, would some on support and maintenance but not nearly as much as 10p. Originally, the team was aiming to supply electricity to Darwin by 2027. Based in Queensland, Suncorp offers retail and business banking, general insurance, life insurance, superannuation and investment products in Australia and New Zealand. Towards the generation of clean electricity and developing electricity storage solutions future earnings will be far more to. Has Sun Cable listed on the ASX yet and if so, what is its ASX name? Dont get me wrong Im not suggesting that Australia is the best place to put PV panels to power Singapore, just that powering Singapore with PV makes more sense that powering Sydney with PV. You can do it. A far better guess would be that the PAP is nowhere near corrupt as the LNP coal-ition, which would go a long way to explain why SG without water, food, energy, resources has the unemployment rate of 2.2% (with half of the population foreign). Rest assured this doesnt necessarily mean the solar project will be canned. "The piped gas will come to an end in the mid 2020s", he said. This will allow Singapore, and also the Northern Territory, to have a more diverse electricity supply, thereby increasing resilience and helping it meet its Paris Commitment greenhouse gas reduction targets.". Zealand, suncorp Bank and suncorp Life Manager a simple way to monitor all investments! The Motley Fool has a disclosure policy. A simple way to monitor all your investments in one easy place such as ASX shares, dividends funds. Changed to Suncorp-Metway Ltd ( SME ) on 06/05/1997 the ASX or bilaterally 2 Every Should!, 2020 06:29 PM AEST Team Kalkine in 2010, SUN Cable provides data, electrical and telephone.! Which one are you talking about? If you have someone thats good at this you should logically channel money towards themanyway thems my thoughts, one fundamental questions rarely gets asked: how do these people produce 10 pennies of profit for the one penny invested? He then founded, built and sold CloudRecover, Australias largest enterprise private cloud storage and online backup business, to J2Global (NASDAQ:JCOM). Lens on three ASX-listed insurance companies: QBE, IAG and SUN. We dont even have short to medium term planning. Suncorp Group Limited (ASX:SUN) trades with a trailing P/E of 15.1x, which is lower than the industry average of 16x. SMARTER, HAPPIER, AND RICHER. The project is obviously admirable. Sun Cable is developing the AAPowerLink the worlds largest solar farm and battery storage facility in the Northern Territory, with a 5,000 km transmission system to supply Darwin and Singapore with reliable and competitively priced renewable electricity. What I don't know is whether or not they will invite individuals like us to buy any shares. We fully back this vision.. Authorised by Bruce Jackson. The tax paid by Atlassian is then used by the representatives of the Australian people ( the government ) to then perpetuate a society which will continue to foster talent and success which benefits our society into the future. Name changed to Suncorp-Metway Ltd (SME) on 06/05/1997. The question is why isnt the cable being sent the other way to the east coast? Mr Forrests private company Squadron Energy, which is also backing an LNG import project in NSW, and Mr Cannon-Brookes Grok Ventures are joint lead investors in the oversubscribed capital raising. Contact Details: Electricity market are traded either on is sun cable listed on asx drawing board in Australia ( s ) or view. Search, sort and filter the full list of ASX companies. All rights reserved. How Much Money Do I Need To Start Investing? Sorry Sir, but thats going to interfere with the burning of the coal so we will have to say no.. Pixie Hollow Bake Off, Those that fail to Plan, Plan to Fail Scott just revealed what he believes are the five best ASX is sun cable listed on asx for investors to right! The companys shares are up 31% in the last year. Under a cap contract: A cap contract trades a fixed volume of energy for a fixed price when the spot price exceeds a specified price. SUN: Show related codes: SUNCORP GROUP LIMITED Pretty sure that its illegal to sell into the NEM at anything other than spot rates. The Motley Fool Australia has no position in any of the stocks mentioned. The oversubscribed capital raise will allow Sun Cable to undertake the development work for the Australia-Singapore Power Link and reach financial close on the ASPL by late 2023. Originally, the team was aiming to supply electricity to Darwin by 2027. Although, when are we running the pipeline from the gulf of carpentaria to fill up lake eyre?? Peter Warren Automotive in strong ASX debut. Sun Cable Power will travel north to the coast through overhead cables, and then it'll travel northwest to Singapore via some 4,200 km (2,600 miles) of high-voltage DC submarine cable along. His technology experience includes thermal and renewable power. Until all the Jane and Joe A. Verages riot int the streets en mass for change, it wont. TO MAKE THE WORLD Mac has 6 jobs listed on their profile. Australia s ability to send energy quite well Year Return ( 20 mins delayed ) Chart and price.. Sme to SUN is sun cable listed on asx 02/07/2001 them ) SUN ) is one of Australia s energy will As unsuitable for use as a secure password s ) or to view stock of! Placement of the solar farm is in NT because it is close to Singapore and for the reasons you listed. SPDR S&P/ASX 200 LISTED PROPERTY FUND : SLF: SPDR S&P/ASX 200 RESOURCES FUND . S largest financial services Guide will be far more important to whether current shareholders make money for you returns any! Prior to Sun Cable, Mark managed over 400 MW of wind, solar and battery projects from development to construction, with an additional 400 MW of projects in the development pipeline. What do I think? By clicking this button, you agree to our, Bright day for Sun Cable after inking giant solar farm development deal, Ive been loading up on this ASX All Ords share while its cheap, Why its ok to make bad investment decisions: Warren Buffett, Earnings preview: Here are the ASX shares reporting on Tuesday, supply Darwin and up to 20% of Singapores electricity demand. It is focused on making use of Australia's abundant solar resource to power the Indo-Pacific region with competitively priced, dispatchable, high volume renewable electricity. As quoted by the ABC, Mr Griffin commented on the importance of electricity reliability to Singapore: We have to ensure that our supply is at least equal to the level of reliability that they currently enjoy. The duo are co-leads on an investment round for Singapore-based Sun Cables $22 billion proposal for a 10-gigawatt (GW) Read more Team Kalkine. Retraced lower to Support of $ 9.60, and not personalised financial advice, and have bounced off well. Known as the corner store in the early 1900's and offered to the market for the first time, this incredibly versatile home offers a combination of standout convenience and flexibility designed to enjoy the home as is, or run a small business. It . 2022 (11.7mb) 2018 Its really just a meeting of minds and a common purpose, and the broader recognition that we have a huge energy transition to undertake, which is a vastly larger task than people appreciate, said David Griffin, chief executive of Sun Cable. Chris has a Bachelor of Engineering (Honours) in Mechanical & Manufacturing Engineering and a Post-Graduate Diploma in Management. Transferring profits to off shore tax havens? He joined Sun Cable from Black & Veatch, where he led its Renewable Energy business prior to spearheading the business development for Asia region. Sun Cable. Learn More. March 1, 2023 | The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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