Dubai Telegraph - Australia approves world's 'largest' solar hub

EUR -
AED 4.316515
AFN 74.63132
ALL 95.340551
AMD 434.884189
ANG 2.103761
AOA 1078.981832
ARS 1629.065029
AUD 1.623627
AWG 2.115651
AZN 2.001714
BAM 1.9505
BBD 2.367956
BDT 144.526701
BGN 1.960623
BHD 0.444291
BIF 3502.468771
BMD 1.175362
BND 1.488449
BOB 8.123893
BRL 5.809337
BSD 1.175701
BTN 111.239286
BWP 15.732188
BYN 3.320165
BYR 23037.085439
BZD 2.364565
CAD 1.601013
CDF 2720.962103
CHF 0.915794
CLF 0.026759
CLP 1053.017944
CNY 8.02813
CNH 8.006568
COP 4351.540889
CRC 536.440191
CUC 1.175362
CUP 31.14708
CVE 109.966218
CZK 24.332745
DJF 209.36027
DKK 7.473066
DOP 70.038084
DZD 155.368674
EGP 61.882552
ERN 17.630423
ETB 183.576136
FJD 2.565823
FKP 0.865797
GBP 0.864214
GEL 3.162383
GGP 0.865797
GHS 13.227005
GIP 0.865797
GMD 85.801212
GNF 10318.919241
GTQ 8.974578
GYD 245.930751
HKD 9.209422
HNL 31.256076
HRK 7.533123
HTG 153.84647
HUF 358.824958
IDR 20362.315269
ILS 3.412786
IMP 0.865797
INR 110.906874
IQD 1539.960385
IRR 1546775.736488
ISK 143.606075
JEP 0.865797
JMD 185.24825
JOD 0.833307
JPY 183.761302
KES 151.860782
KGS 102.750687
KHR 4712.176806
KMF 494.238283
KPW 1057.82946
KRW 1700.965573
KWD 0.36187
KYD 0.979734
KZT 544.428453
LAK 25826.718043
LBP 105283.991858
LKR 376.375773
LRD 215.742901
LSL 19.164747
LTL 3.470537
LVL 0.710964
LYD 7.441844
MAD 10.79497
MDL 20.210003
MGA 4898.669306
MKD 61.591323
MMK 2467.729355
MNT 4207.382242
MOP 9.488878
MRU 46.924305
MUR 54.983004
MVR 18.16523
MWK 2038.652239
MXN 20.260893
MYR 4.613297
MZN 75.106713
NAD 19.164828
NGN 1600.924649
NIO 43.262271
NOK 10.896918
NPR 177.982658
NZD 1.971998
OMR 0.451934
PAB 1.175701
PEN 4.101439
PGK 5.11211
PHP 71.390314
PKR 327.579561
PLN 4.233068
PYG 7195.449713
QAR 4.286055
RON 5.268438
RSD 117.386859
RUB 88.153238
RWF 1719.221502
SAR 4.409748
SBD 9.440807
SCR 16.142244
SDG 705.802097
SEK 10.8373
SGD 1.49074
SHP 0.877526
SLE 28.943299
SLL 24646.738509
SOS 671.871643
SRD 43.971436
STD 24327.610045
STN 24.433509
SVC 10.287006
SYP 130.704545
SZL 19.158863
THB 37.901293
TJS 10.986901
TMT 4.119642
TND 3.416019
TOP 2.829989
TRY 53.151377
TTD 7.967319
TWD 36.880562
TZS 3046.752042
UAH 51.548119
UGX 4420.969266
USD 1.175362
UYU 47.241643
UZS 14196.367585
VES 580.033802
VND 30941.391539
VUV 138.986999
WST 3.200022
XAF 654.176796
XAG 0.015178
XAU 0.00025
XCD 3.176473
XCG 2.118934
XDR 0.818555
XOF 654.179571
XPF 119.331742
YER 280.431257
ZAR 19.253655
ZMK 10579.665595
ZMW 22.25045
ZWL 378.465924
  • NGG

    0.6650

    88.305

    +0.75%

  • RIO

    4.4500

    104.95

    +4.24%

  • BCE

    0.0800

    24.18

    +0.33%

  • RYCEF

    1.0500

    17.5

    +6%

  • RBGPF

    0.0800

    63.18

    +0.13%

  • CMSD

    0.0800

    23.37

    +0.34%

  • CMSC

    0.0500

    22.93

    +0.22%

  • BCC

    1.9000

    74.03

    +2.57%

  • BTI

    0.3800

    59.78

    +0.64%

  • RELX

    -0.4400

    35.72

    -1.23%

  • JRI

    0.1100

    13.15

    +0.84%

  • AZN

    2.8400

    184.08

    +1.54%

  • BP

    -1.4900

    45.01

    -3.31%

  • GSK

    0.4350

    50.815

    +0.86%

  • VOD

    0.3000

    16.04

    +1.87%

Australia approves world's 'largest' solar hub
Australia approves world's 'largest' solar hub / Photo: Sebastien SALOM-GOMIS - AFP

Australia approves world's 'largest' solar hub

Australia on Wednesday approved plans for a massive solar and battery farm that would export energy to Singapore, a project dubbed the "largest solar precinct in the world".

Text size:

Authorities announced environmental approvals for the US$24 billion SunCable project in Australia's remote north that is slated to power three million homes.

The project, which will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore, is backed by tech billionaire and green activist Mike Cannon-Brookes.

"It will be the largest solar precinct in the world –- and heralds Australia as the world leader in green energy," said Environment Minister Tanya Plibersek.

It is hoped that energy production will begin in 2030.

The 12,000-hectare (29,650 acre) project will provide four gigawatts of energy per hour for domestic use. Two more gigawatts sent to Singapore via undersea cable will supply about 15 percent of the city-state's needs.

Batteries would be able to store about 40 gigawatts

SunCable Australia's managing director Cameron Garnsworthy said the approval was "a landmark moment in the project's journey".

Despite Wednesday's green light, numerous approval processes remain -- including working with Singapore's energy market authority, Indonesia's government and Australian Indigenous communities.

"SunCable will now focus its efforts on the next stage of planning to advance the project towards a final investment decision targeted by 2027," said Cannon-Brookes.

- 'Clean energy powerhouse' -

Australia is currently one of the world's leading exporters of coal and gas, but has also been ravaged by the effects of climate change -- from intense heat to floods and bushfires.

Although Australians are among the world's most enthusiastic adopters of household solar panels, a string of governments have been slow to fully embrace renewables.

In 2022, renewables made up 32 percent of Australia's total electricity generation -- compared to coal, which contributed 47 percent, according to the latest government data.

Climate Council chief executive officer Amanda McKenzie said the new solar hub was a bold step in making Australia a "clean energy powerhouse" and that such projects were essential in "delivering affordable energy and slashing climate pollution".

"With the closure of coal-fired power stations on the horizon, Australia needs to accelerate the roll-out of solar and storage at every level—rooftops, large-scale projects, and everything in between," she said.

The project would also be a significant step for Cannon-Brookes', who has expanded his portfolio from software company Atlassian -- which he co-founded -- to the renewable energy space, including being the latest shareholder in AGL Energy.

S.Al-Balushi--DT