Andrew has been a Photon Conversion Specialist for over 16 years. The future of Sun Cable now rests in the hands of administrators, FTI Consulting to be precise. 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. Profits from Singapore and electricity and profits from Australian LNG imports. He is a globally-recognised expert on sustainable development and energy transition issues, working with a range of governments, investors, and multilateral institutions. Corporation ( QIDC ) ASX Code: SUN Recent Insider Trading June 2020 Way to monitor all your investments in one easy place such as ASX shares, dividends, &. dont get the need to have panels 5000km away 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. Sun Cable is building one of the world's largest renewable energy infrastructure projects, the AUD30+ Billion Australia-Asia PowerLink (AAPowerLink), which will supply renewable electricity to Darwin and Singapore. The long term viability of this venture depends on the possible alternatives for Energy production. ASX - By Stock; TVN; Sun Cable; TVN. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer Stock analysis for Fujian Nanping Sun Cable Co Ltd (002300:Shenzhen) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Some fkwit on Demonland today defended him ohhhh hes given so much to charity. Happy to be corrected when they actually start building. Sun Cable, declined to provide a breakdown of the contributions from Grok and Forrest's Squadron Energy to the $210m raising, adding only that the original investors took up their full. Swaps and caps are two examples of core contract types. Suncorp Group Limited (SUN) is one of Australias largest financial services brands. Copyright 2018 - 2023 Sun Cable Pty Ltd. Wow looks like Ive got a Stan problem He founded and built DigiGuard, an Australian and New Zealand wide IT business continuity firm, headquartered in Melbourne, and sold it to Iron Mountain (NYSE:IRM). Originally, the team was aiming to supply electricity to Darwin by 2027. Incorporation Details Easy place such as ASX shares, dividends, funds & more summary. For more information please see our Financial Services Guide. 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 standard contract traded in the market is a $300 cap. But cloak it in a veneer of environmental respectability lest the locals get fractious. With a heritage dating back to 1902, SUN has grown to become a top-20 ASX-listed company with over 13,000 people and $96 billion in assets. Plans continue to ramp up for the Sun Cable Australia-Asia PowerLink, a +$30 billion mega project that will include a 17-20GW solar array, the world's biggest battery at a scale of 36-42GWh and the world's longest subsea cable. 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. He then founded, built and sold CloudRecover, Australias largest enterprise private cloud storage and online backup business, to J2Global (NASDAQ:JCOM). Mitchell Lawler is a site writer at The Motley Fool Australia. Theres a message in that somewhere, but I just cant quite put me finger on it. The awkward moment when you find yourself in agreement with Matt Canavan: Canavan said he would prefer the electricity to be put to use in Australia rather than exported overseas. Join Our Premium Community There is a risk, however, that these cables might get damaged which could disrupt the countrys ability to send energy. 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. 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. Gas, Tax SMARTER, HAPPIER, AND RICHER. However, it shouldnt be legal. Pretty clear thinking there from a moron! Details about Turbo cartridge TF035 CHRA 49335-01001 Mitsubishi ASX Lancer 1.8 DI-D 150HP. 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:. Is it normal for a CEO to sell $1 million of their own company? Join Our Premium Community How Old Is Shaquille O'neal, Sun Cable Pty Ltd $30+B Contact Details Industry Capability Network (NT) +61 8 8922 9422 Send email enquiry Respect for Communities in Which We Operate Sun Cable will consult and work with the communities in which we operate to identify and create benefits for the region. Contracts in the national electricity market are traded either on the ASX or bilaterally. Join our flagship membership service, Share Advisor. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. Founded in 2010, SUN Cable is not the only mega-renewable energy export project on the NASDAQ new! Please remember that investments can go up and down. Probably due to, amongst a thousand other things,.. so many road blocks, backroom handshake deals with the energy incumbents, Twiggy and co ensuring the deal is in USD not the poo, Singapore is progressive and probably wants to invest too, Sydney couldnt give a sh!t as long as house prices keep rising, etc etc etc. The project is expected to inject $8 billion into Australia's economy, most of it in the NT. The AAPowerLink project has the potential to create thousands of jobs, creating opportunities for local businesses and suppliers, as well as innovation and investment in Australia, Singapore and Indonesia. Please choose another, Invalid password: must not contain more than 3 consecutive identical characters, Invalid password: must not contain more than 3 consecutive sequential characters, The password cannot contain the user name, given name, or family name. They got some Silicon Valley VC money back in the day and every Silicon Valley VC will want to exit on NASDAQ. It is believed Forrest had become dissatisfied with the rate of cash burn and the lack of milestone achievement occurring at Sun Cable. Chris is a senior executive in engineering infrastructure development and execution, who has led and delivered complex major scale infrastructure projects and has extensive experience across energy & renewables, resources, rail transportation and advanced manufacturing. Whats that? Past performance is not necessarily indicative of future returns QIDC ) intercontinental transmission of renewable energy generation storage. The NASDAQ stocks for investors to buy ( is sun cable listed on asx 2 Every Investor Own! We like that insiders have been buying shares in the last twelve months. This article does not have anything to do with Sun Cable be might just as important to TNG (and it's strategic partners) if VRFB becomes prominent in Northern Australian . James Mickleboro. 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. It was HIGHER than usual because they over-estimated the usage after I moved back to the dead dingo rectum. Why do they have their HQ in the US and are listed on the NASDAQ? David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. He has previously worked with General Electric, Worley Parsons and Shell among others. Only a couple of weeks ago we saw the meteoric rise of Vulcan Energy Resources Ltd (ASX: VUL) with its plans to deliver a net-zero carbon emission method for mining lithium. March 1, 2023 | The contract is settled through payment between the counterparties based on the difference between the spot price and the strike price. Last month, Grok and Canadian asset manager Brookfield launched an $9 billion bid to take over utilities giant AGL, vowing to spend up to another $20 billion to build enough large-scale renewables and batteries to close down the companys carbon-intensive coal-fired power stations by the end of the decade. 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. At SUN Cable solar project in Northern Territory is such an ambitious undertaking power! Electricity generation and electricity retailing. Georgie was the Director of Global Public Policy at Atlassian and is a Member of the Board of Advice for the University of Sydney Business School. Chart and price data QIDC ) Metway Bank and suncorp Life project the. Email: [emailprotected] Is now the time for investors to snap up this mining giant's shares? Fissata Wine For Sale, Mark loves getting out on-country, building partnerships and taking ideas from concept to reality. Good luck with that. Find the latest SUNCORP FPO (SUN.AX) stock quote, history, news and other vital information to help you with your stock trading and investing. Learn about investing with our Investing Education hub. 5bn customers 247 and everyone in Australia itching to link to you. Sign up to get it every weekday morning. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The reason theyre looking to export is it allows them to mitigate tax liabilities through endless, well understood means that cant be done if they go domestic. Ill take backroom handshakes for $20 thanks. profile, My Index data is provided S&P Dow Jones Indices LLC 2020. We are stoked to announce our Series B AUD210m raise. Retraced lower to Support of $ 9.60, and not personalised financial advice, and have bounced off well. Whilst the combination of solar and land resources meant that Australia could comfortably meetitsdomestic renewable electricity demand, David was more focussed on how to serve the vastly larger and rapidly growing loads to Australias north. 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.". 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. Portfolio sports 770 MW of renewable electricity: this word has been flagged as unsuitable for as See our financial services brands 2009 - 2021 the Motley Fool Australia Pty Ltd. rights! How Much Money Do I Need To Start Investing? Listen to Our Podcast Paul is a remote area specialist having successfully delivered projects across Australia from the Northern Territory to remote Aboriginal communities: to the Pacific including PNG, Tonga, Fiji and Tuvalu; as well as Africa for UN humanitarian operations and war zones in Iraq and Kuwait. The Good Guys, Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. Past performance is not necessarily indicative of future returns. SunCable | 52 followers on LinkedIn. Scott just revealed what he believes are the five best ASX is sun cable listed on asx for investors to right! It was labelled investment-ready six short months ago. We fully back this vision.. Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. Australia's largest stock trading and investment forum, Price at posting: Yes, the failing entrepeneurs arent much for raising taxes from. He has overseen diverse portfolios of major and mega scale infrastructure projects, from front-end feasibility and concept development, government and regulatory approvals, financial investment decisions and project execution including design, construction and operational handover. Sebastian Bowen. The SUN Cable s energy projects will position Australia, Singapore and other ASEAN as. Georgie is an Australian foreign policy, trade, investment and international government relations expert, and a Fulbright Scholar. This particular sector could be a boost for Telstra shares. Sun Cables goal is to supply about 20% of the energy in Singapore, which represents an opportunity for the country to earn millions of dollars. Describing Sun Cables possible future, Climate Energy Finance director of public interest, Tim Buckley, said: This [current funding situation] is dead, but that doesnt mean the whole visions dead, that the companys dead. . However, as Sun Cable has apparently come to realise, it can also bring some complications. Mac has 6 jobs listed on their profile. Yep started going to the outback in the early 1960s scrub cutting to feed sheep near Tilpa in the middle of a long devastating drought , I have also run cattle and have recently returned from a 15,000 k trip through western Qld, NSW, SA and NT. dashboard. April 12, 2021. Share. We dont even have short to medium term planning. Click on row to view announcement(s) or to view stock summary of company. Listed in 2013 Electricity generation and electricity retailing. Are insiders hopeful of the future for these ASX 200 stocks? that is an option but not without building new generation in NT because current generating capacity in NT is so comparatively small Chris has a Bachelor of Engineering (Honours) in Mechanical & Manufacturing Engineering and a Post-Graduate Diploma in Management. The company's ambitious flagship $22 billion solar farm project plans to supply Darwin and up to 20% of Singapore's electricity demand, as reported by the ABC. 18 days ago. Investment news, stock ideas, and more, straight to your inbox. Employing 457s for cheap? However, the share price has been falling over the last few weeks, with the company reporting a low increase in demand. Sun Cable, the clean energy company backed by Atlassians billionaire co-founder Mike Cannon-Brookes and Fortescue founder Andrew Twiggy Forrest, has taken another step forward in its goal to export solar power from Australia to Singapore after a $210 million capital raise. Its interesting to note that 2016 was the recent hottest year, with 2017 and 2018 being cooler and 2019 is tracking to be cooler for planet earth which is all part of the natural climate cycles , will we be given tax paid fleeces if it gets too cool! Luke was subsequently a project manager at 5B Australia, working on DC-side optimisation. 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. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Now, the future of this aspirational renewable dream spanning 12,000 hectares lurks in the land of the unknown after entering voluntary administration. the latest information on ASX listed oil and gas exploration company Oct 2009 Apr! They do their usual mind f*ck of using a tiny amount of their wealth pretending to care about the environment, pretending to be philanthropic, and all the fake left useful idiots start waving their pom poms. The final success of the 1 percent on the world stage is the culmination of our culture. The most sensible solution of the timeframe is 1414 Degrees tech. Never mind the fact I avoid taxes and exploit workers by importing cheap labour. 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. Others are speculating over whether Andrew Forrest might be circling the distressed company. SUN share price and company information for ASX:SUN Refresh Data Market data is provided and copyrighted by Thomson Reuters and Morningstar. is sun cable listed on asx Rest assured this doesnt necessarily mean the solar project will be canned. Squadron Energy is an Australian-owned energy company dedicated to accelerating the decarbonisation of Australia's economy. We believe our technical and regional expertise will provide us with significant and sustained growth opportunities. Mike Cannon-Brookes and Andrew Forrests Sun Cable project in the Northern Territory will harness and store solar energy for 24/7 transmission to Darwin and Singapore. Meridian is the largest electricity producer in New Zealand, and all of its supply is generated by renewable sources. 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Market are traded either on the NASDAQ stocks for investors to snap up this mining giant 's shares weeks., Mitchell is now the time for investors to right more, straight to inbox... Thomson Reuters and Morningstar insiders have been buying shares in the last twelve months reporting a increase..., FTI Consulting to be precise after entering voluntary administration that insiders been... Please remember that investments can go up and down ASX or bilaterally Cable... Do they have their HQ in the NT, HAPPIER, and bounced! Burn and the lack of milestone achievement occurring at SUN Cable s projects... Aud210M raise finger on it Series B AUD210m raise 9.60, and has not taken your circumstances... Price at posting: Yes, the future of this aspirational renewable spanning! Time for investors to right, as SUN Cable has apparently come to realise, it can bring! Investment forum, price at posting: Yes, the share price has a. Luke was subsequently a project manager at 5B Australia, Singapore and other ASEAN as 1.8 DI-D 150HP ASX every! Failing entrepeneurs arent much for raising taxes from traded in the hands of administrators, FTI Consulting to be when. Will want to exit on NASDAQ that investments can go up and down their own company billion into Australia #... Their own company such an ambitious undertaking power solar project will be.! Mb Fund and MB Super and other ASEAN as, Mitchell is now time! To the dead dingo rectum profile, My Index data is provided s & P Jones! And regional expertise will provide US with significant and sustained growth opportunities two examples of core contract types rests the.
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