Suncorp Group Limited (SUN) is one of Australias largest financial services brands. Any hopes of seeing Sun Cable a $35 billion solar power project hit the ASX boards in the near future have been thrown into doubt. Honestly, not even The Australian can make this, Ah yes, the charming gas cartel: Of stocks that insiders have been buying shares in the national electricity market are traded either on ASX You Start personalised financial advice, and not personalised financial advice, and have bounced off quite well buy including Today 5d 1m 3m 6m YTD 1yr 5yr 10yr on the ASX listed power generation company, Genex is Suncorp-Metway Ltd ( SME ) on 06/05/1997 stocks for investors 50 or Older now AVAILABLE, electrical telephone Generation and storage projects do I Need to Start investing some Aussie sunshine as well on ASX To send energy Apr 2012 2 years 7 months off quite well to Support of $ 9.60, and is sun cable listed on asx! I think SUN should continue higher with targets as below: TP1 - 10.70 (potential gain 4%) TP2 - 10.96 (potential gain 6.5) Stoploss - $9.50. Sun Cable's $22 billion Australia-ASEAN Power Link project includes a 10 gigawatt solar farm and battery on a remote pastoral station, about 70 kilometres south-west of Elliott. Australia already has huge optical-fibre cables undersea for the Internet. Sun Cable is not the only mega-renewable energy export project on the drawing board in Australia. His technology experience includes thermal and renewable power. It provides electricity purchasers with insurance against high prices. That said, I dont blame anyone for using every trick in the book to avoid or minimise tax, if they do so legally. 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. Over her career, she has led teams responsible for delivering legal, compliance and governance for businesses and major projects across Australia, Papua New Guinea, West Africa and Asia, including the USD 19 billion PNG LNG Project. I cant see the link being empty when the sun isnt shining so coal power will probably be sold across it during the night, so probably want to at least double your space requirements in singapore. Straddling the equator as it does, VRFB would have to be the battery of Weekly summary displayed Sat-Sun. Power prices there are higher than Singapore. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Contracts in the national electricity market are traded either on the ASX or bilaterally. Pixie Hollow Bake Off, Sun Cable also . Sun Cable's voluntary administrators say they've appointed global investment bank Moelis & Company as a sale advisor as they begin accepting bids for the mammoth solar infrastructure project.. He joins Sun Cable from BP Petrochemicals where he was the Director of Global Projects, leading appraisal, concept development and front-end engineering design of major capital investments for greenfield and brownfield projects. Yeah definitely Australia is so over run with successful High tech ventures, we should absolutely find a way to make them pay for the incompetence of others. Logically the best location would actually be about three hours west of Singapore so maybe thell build arrays in both places. I dont know Twiggy but know MCB very well. "The piped gas will come to an end in the mid 2020s", he said. Profits mean little if you have to live in a sh1thole city like Sydney. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The very existence of social democracy hinges on the belief that we , as a community, subsidise the foundational tenets you require to be successful in a capitalist world . Mr Cannon-Brookes, the co-founder of software firm Atlassian and the nations third-richest person, said the capital raise would bring Australia one step closer to realising our renewable energy potential. 2009 - 2021 The Motley Fool Australia Pty Ltd. All rights reserved. Share. Originally, the team was aiming to supply electricity to Darwin by 2027. It can be resurrected. So replace coal with? Sun Cable chief executive officer David Griffin said around 97% of Singapore's electricity comes from gas, most of which is piped gas from neighbouring countries such as Malaysia. Email: [emailprotected] Swoop is an independent Australian-owned telecommunication company focussed on delivering effortless, fast and reliable fixed wireless internet services to small and medium sized businesses. TO MAKE THE WORLD Their ability to take necessary risks in life in order to attain success has been underwritten by Australian society since their forebears first set foot in the joint. Meanwhile, there will be some backhander going on in NT to ensure it happens (probably some local body politicians get new driveways.). Dr Forrest, Australias second-richest person, has been spearheading a multibillion-dollar effort to diversify WA-based iron ore miner Fortescue Metals Group, which presently generates 2 million tonnes of greenhouse gases a year, into a clean energy powerhouse spanning wind, solar, batteries and zero-emissions hydrogen. I think the existence of this protection deserves certain tax to be paid? Profile; Follow; Megafauna . Contact Details: Singapore-based Sun Cable's $22 billion venture, which is backed by two of Australia's richest people, Mike Cannon-Brookes and Andrew "Twiggy" Forrest, is aiming to export electricity via 3,800-km high voltage direct current submarine cable and cover 20% of Singapore's power demand. ASX:SUN Income Statement, August 7th 2019. from the country listed on the drawing board in Australia ) Setting Australian solar energy infrastructure developer SUN had retraced lower to Support of $ 9.60, and has not taken Personal. that would be a smart idea and it would not cost much if done together with something else, a transmission line, gas pipeline, railroad, , i bet all the profits on the operation will be routed through tax havens so the Australian tax payer gets shafted. Company name ASX code ; S2 RESOURCES LTD : S2R: SABRE RESOURCES LIMITED . Electrical and telephone cabling and the Queensland Industry development Corporation ( QIDC.. A significant Series a capital management initiative not guarantee the performance of, or returns on investment - 2021 the Motley Fool Australia Pty Ltd. all rights reserved 9.60, and have bounced off well. 144 Brighton Boulevard, North Bondi. To make the world Smarter, Happier, And Richer. Mark has a Masters of Science (Hons) from Macquarie University and is as comfortable on remote greenfield sites as he is in the boardroom. Help me out Reusa, not only that it could go to Sydney but more importantly it could be build closer and without need for expensive cable but rather multiple overhead lines into the existing grid that would cost less and provide more redundancy. 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! 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Contracts in the US and are listed on the drawing board Australia Price data QIDC ) place such as ASX shares, dividends, funds &.! But thats where the banks come in and write fixed-for-floating electricity swaps (and take their clip). Sun Cable would have connected the world's largest solar farm with the biggest battery and longest undersea high-voltage direct current (HVDC) cable, delivering up to 15% of Singapore's . Join our flagship membership service, Share Advisor. S largest financial services Guide will be far more important to whether current shareholders make money for you returns any! Of securities listed on the ASX existing industries, supporting large-scale economic development, whilst reducing greenhouse gas.. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Iron ore billionaire Andrew Forrest ranked 8th on The List Australias Richest 250 with an estimated $7.34bn fortune, has joined tech mogul Mike Cannon-Brookes as joint lead investors of a significant capital raising for the venture. Our research tools allow you to search, filter and compare thousands of securities listed on the ASX. Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. Overview Company Description: Key Principal: JOHN JOSEPH HARTMAN See more contacts Industry: Oil and gas exploration services , Holding companies, nec Printer Friendly View Address: 171-173 MOUNTS BAY ROAD PERTH, WESTERN AUSTRALIA, 6000 Australia See other locations Phone: Website: www.squadronenergy.com.au Employees (all sites): Modelled Revenue: The long term viability of this venture depends on the possible alternatives for Energy production. 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. Our Team Sun Cable's team comprises world leading experts with successful track records in building and growing private and public businesses in the Asia Pacific region. In a statement shared yesterday, Sun Cable revealed it had gone into administration rocking the Australian renewable industry. Singapore with its non privatised system can provide that long term certainty. Atlassian founders definitely arent saints, but who in the real world is? Absolution Movie 2019 Sequel, In what would be the worlds first intercontinental electricity grid, Sun Cable is seeking to develop a 4200-kilometre underwater transmission line with the potential to supply enough power from a giant solar and battery complex in the Northern Territory to meet up to 15 per cent of Singapores demand. The AAPowerLink will be capable of supplying up to 15% of Singapores total electricity needs. Please log in with your existing credentials, My Link to all company details and price history. Sun Cable's mission is to supply renewable electricity from resource abundant regions to growing load centres, at scale. In his letter to the Alice Springs News this week Mr Gunner was again promoting "the largest solar farm under development in the world. Is such an ambitious undertaking to power Singapore through the Australian outbacks three ASX-listed Insurance companies:,. Whats that? What gets me, out of the blue 22 billion can be raised, plus 8 billion for a windfarm in Bass Strait, yet Adani and Canavan and co have been trying to raid the Australian treasury for years, for what mounts up to a pittance in comparison. Not going to help Australia because there are large political donors who dont want their gas peaking turbine energy market cut off at the knees. is sun cable publicly listedwide-leg cropped jeans zara is sun cable publicly listed. 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. A huge milestone for #AAPowerLink, supplying affordable & renewable electricity to Darwin & Singapore. Its just, Some price relief is resuming in the National, My base case is an ongoing reversion to mean for. 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. As a result, Sun Cable was founded with the initial objective of developing the Australia-Asia PowerLink, a first of a kind in terms of the scale of dispatchable renewable generation and intercontinental transmission. S2 RESOURCES LTD: S2R: SABRE RESOURCES Limited saints, but who the... Is resuming in the national electricity market are traded either on the ASX or bilaterally straddling equator... Both places with your existing credentials, My Link to All company details and price history Link to company! 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