Australia-ASEAN Power Link




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
Australia-ASEAN Power Link
STATUS

Prospective pipeline

Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.

Credibly proposed

The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.   

Announced

The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.

Under procurement

The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).

Preferred bidder announced

A preferred bidder has been selected and is in exclusive negotiations.

Recently closed

Projects that have progressed to contractual close remain on ANZIP for 12 months.

ANZIP is focused only on major infrastructure activity, above the following thresholds:

Australia

Construction projects: > AUD$300m

Investable greenfield & brownfield: > AUD$100m

New Zealand

All greenfield and brownfield projects and divestments: > NZD $100 million


STATUS: Prospective pipeline
VALUE: $22bn AUD
SECTOR: Energy
JURISDICTION: NT, Commonwealth
PROCUREMENT APPROACH: Unknown
TYPE: Greenfield

Project Scope

The Australia-ASEAN Power Link is a proposed project to be developed by Sun Cable, which will supply dispatchable renewable electricity to Darwin and the ASEAN region. The proposal includes integration of a 10 gigawatt solar farm and 20 to 30 gigawatt hour battery storage facility near Tennant Creek, Northern Territory. The project would supply dispatchable renewable energy to Darwin and Singapore via a 4,500 kilometre high-voltage direct current transmission network extending from the solar farm and storage facility to Singapore.

Integration of the project with the developing ASEAN power grid is being assessed in the development phase.

 


 

Key Dates

2019 - 2021: Environmental approvals

2019 - 2023: Design and engineering

Late 2023: Financial close

2023: Construction scheduled to commence

2027: Construction to be completed

2026 - 2027: Commercial operations to commence

 


 

Financing

The capital raise for the project was completed in November 2019.

The capital raise was led by Grok Ventures and Squadron Energy, which are co-lead Investors in the project. Grok Ventures is owned by Michael Cannon-Brookes, with Squadron Energy owned by Andrew Forrest.

 


 

Project History

Jul 2020: Federal Government grants the project Major Project status

Nov 2019: Sun Cable announced the completion of a significant round of capital raise

Jul 2019: Northern Territory Government grants the project Major Project status, requiring Sun Cable to prepare an Environmental Impact Assessment (EIS)



Last reviewed: 31/07/2020

Presented by

Government sponsors

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Supporting agencies

 
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