{"id":1677145,"date":"2022-10-07T00:52:29","date_gmt":"2022-10-07T04:52:29","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1677145"},"modified":"2022-10-07T00:52:45","modified_gmt":"2022-10-07T04:52:45","slug":"australian-tech-billionaire-to-chair-20-billion-solar-power-export-project","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/australian-tech-billionaire-to-chair-20-billion-solar-power-export-project\/","title":{"rendered":"Australian tech billionaire to chair $20 billion solar power export project"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Faustralian-tech-billionaire-to-chair-20-billion-solar-power-export-project%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1677145&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>SYDNEY (Reuters) \u2013     Australian software mogul Mike Cannon-Brookes was named chairman on Friday of clean energy start-up Sun Cable, which is seeking to secure funds for a proposed A$30 billion-plus ($19.3 billion-plus) solar power export project.<\/p>\n<p>Singapore-based Sun Cable plans to supply solar power from Australia to Singapore and eventually Indonesia through the world\u2019s longest subsea high voltage cable, linked to a 17-20 gigawatt solar farm, as well as an energy storage facility of up to 42 GWh in Australia\u2019s Northern Territory. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Cannon-Brookes, co-founder of project management software maker Atlassian and an investor in Sun Cable since 2019, said he was \u201cthrilled\u201d to take up the role at the company, which is yet to break ground on the planned 4,500 km (2,800 mile) undersea cable.<\/p>\n<p>\u201cAustralia can and should be a global leader in clean energy exports. Sun Cable is at the forefront of making Australia a renewable energy superpower,\u201d Cannon-Brookes said in a statement.<\/p>\n<p>Sun Cable Chief Executive David Griffin pointed to Cannon-Brookes\u2019 experience in \u201crapidly building business to a global scale.\u201d<\/p>\n<p>The project, also backed by iron ore magnate and Fortescue Metals founder Andrew Forrest, received an \u201cinvestment ready\u201d tick in June from Infrastructure Australia, an independent body tasked with evaluating infrastructure projects. <\/p>\n<p>Construction is planned to start in 2024 with full operations commencing in 2029.<\/p>\n<p>Capital raising for the project is underway after Sun Cable appointed Macquarie Capital, Moelis &#038; Co and MA Financial Group as financial advisers in July, with the target of wrapping up in early 2024.<\/p>\n<p>Cannon-Brookes\u2019 environmental activism is making waves in corporate Australia, most recently through his attempt earlier this year to buy AGL, Australia\u2019s largest electricity generator, and accelerate the closure of AGL\u2019s coal-fired power plants by a decade.<\/p>\n<p>($1 = 1.5567 Australian dollars)<\/p>\n<p> (Reporting by Lewis Jackson; editing by Richard Pullin)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/australian-tech-billionaire-to\/attachment\/annie-cannon-brookes-and-mike-cannon-brookes-chief-executive-officer-of-atlassian\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9605U-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9605U-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SYDNEY (Reuters) \u2013 Australian software mogul Mike Cannon-Brookes was named chairman on Friday of clean energy start-up Sun Cable, which is seeking to secure funds for a proposed A$30 billion-plus<\/p>\n","protected":false},"author":66,"featured_media":1889554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1677145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/australian-tech-billionaire-to\/?utm_source=rss&utm_medium=rss&utm_campaign=australian-tech-billionaire-to","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1677145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1677145"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1677145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889554"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1677145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1677145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1677145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}