The multibillion-dollar plan to supply Singapore with electricity from a huge solar farm in the Northern Territory has solved a key hurdle in gaining support from the Indonesian government over the North Island.
The solar cable project, backed by billionaire Andrew Twigs Forrest and Mike Canon-Brooks and now expected to cost more than $ 30 billion, has also expanded its capacity from 14 gigawatts to 40%. 17 and 20 GW.
The solar farm, planned for the Newcastle Waters station 750 kilometers south of Darwin, will be powered by 36 to 42 gigabytes of storage from the world’s largest battery.
In a statement, the company confirmed that Indonesian Minister of Maritime Affairs and Investment, Luhut Binsar Pandjitaan, had consulted the Indonesian pipeline and licensed a groundwater survey.
Sun Cable CEO David Griffin said Indonesia’s support is a significant milestone in the company’s efforts to generate and transmit renewable energy to Darwin and Singapore.
“We are developing a technology that combines solar, storage and high voltage direct current transmission technologies to meet the growing demand for renewable energy,” he said. “We want this global project to be a step-by-step transformation of the Indo-Pacific Capacity to achieve net zero aspirations and renewable energy.
The company said the project has the potential to supply Singapore’s electricity needs by 2028 through “the world’s largest renewable energy transmission network” by 2028. It will create 350 jobs and create more than 1,500 jobs and reduce greenhouse gas emissions by 8.6m tons a year, he said.
“It’s a big step towards realizing our potential to be the largest energy exporter in the world,” Canon-Brooks said.
“Australia can be a renewable energy superpower. We can and should use our solar energy, which can receive five times the energy of the world.
The announcement came after Energy Australia announced that it would shut down its coal-fired power plant by 2040 because it was committed to quitting coal that day. Analysts and climate activists say 2040 is too late, and that young companies need to burn coal by 2030, citing a UN call for scientific evidence.
Treasurer Josh Frederburg plans to speak to business leaders on Friday and says Australia has suffered a loss if others believe it is not moving towards a clean economy.
A.D. Australia will set a net zero target by 2050. Friedenberg is making trillions of dollars around the world to support the transition, with 129 countries already setting the mid-century target.
This is in the midst of a debate over what new obligations, if any, will be made to the Morrison government before a major climate conference in Glasgow in November. Some members of parliament oppose Australia’s new covenant.
Hosts of the Guba conference, Britain and the United States and the European Union have focused on making more commitments to reduce emissions over the past decade. Last year, all G7 members significantly pledged to reduce emissions by 2030.
US President John Kerry’s Vice President, John Kerry, told Guardian Australia last month that Australia’s targets were “insufficient” and that the country should consider a 50% reduction in greenhouse gas emissions by 2030. United Nations panel on climate change. Several European delegates – including Italy’s top diplomat in Canberra – made similar debates on Friday.
Chinese President Xi Jinping has said that China will stop paying for new coal projects this week at the UN General Assembly, which could severely limit the spread of fossil fuels in the developing world. China has not made any new promises to reduce domestic emissions since China promised to achieve net zero emissions by 2060.