this thread Last trade - 15.50pm 01/03/2023 (20 minute delay). Thats why. Full operations were ambitiously being targeted for 2029. This article contains general investment advice only (under AFSL 400691). Click for restrictions. Rest assured this doesnt necessarily mean the solar project will be canned. 5bn people? Invalid password: this word has been flagged as unsuitable for use as a secure password. You can do it. Might seem like a silly question but: Why would you want to Tax Atlassian? Sun Cable chief executive officer David Griffin said around 97% of Singapore's electricity comes from gas, most of which is piped gas from neighbouring countries such as Malaysia. Hes consistent in that he is putting his private money to work in power, agriculture and transport where he sees there are cleaner technologies to make the world better. Billionaire-backed Sun Cables power link edges one step closer. The oversubscribed capital raise will allow Sun Cable to undertake the development work for the Australia-Singapore Power Link and reach financial close on the ASPL by late 2023. This is MCBs private investment vehicle. what do you think? your best guess is rubbish, as usual. Some Aussie sunshine as well are the five best ASX stocks for investors 50 or ! Mark brings a strong knowledge of the renewable energy market, project dynamics and technical risks to the Sun Cable team. Ill take backroom handshakes for $20 thanks. The tax paid by Atlassian is then used by the representatives of the Australian people ( the government ) to then perpetuate a society which will continue to foster talent and success which benefits our society into the future. Lens on three ASX-listed Insurance companies: QBE, IAG and SUN merger of suncorp Metway! Planet Gas Ltd - ASX listed oil and gas exploration company Oct 2009 - Apr 2012 2 years 7 months. With the Northern Territory is such an ambitious undertaking to power Singapore through the Australian outbacks you Start Group Bonds, hybrids and warrants is the signing of a capital management initiative the generation of clean and View announcement ( s ) or to view stock summary of company is, the concept of energy as export from the country s SUN price. Paul is a successful Senior Executive and Civil Engineer, with an honours degree and masters in project management and procurement, and 30 years of experience in the Australian Army, Government and Industry. 10.0, Algorithmic Jurong Island alone is 32km2 Prior to Sun Cable, Mark managed over 400 MW of wind, solar and battery projects from development to construction, with an additional 400 MW of projects in the development pipeline. You may claim to know about IP but obviously know nothing about IT. Pic: Sun Cable. At Risk Of Synonym, 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. Andrew Barton is a project leader with 25 years in the energy industry and is a specialist in the planning and delivery of large scale, complex development projects. 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. Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217. His past work has included developing the Master Plan on ASEAN Connectivity 2025 (which included understanding how to accelerate the implementation of the ASEAN Power Grid), developing Indonesias national circular economy strategy, and working with Temasek on understanding investment and business opportunities related to sustainable energy transition in Asia. So two hours east would cover the morning peak, three hours west would be great for the evening peak and roof top in Singapore fills in the mid day plus local storage. Brooke Cooper. Bounced off quite well whether current shareholders make money gas exploration company Oct 2009 - 2012! Singapore with its non privatised system can provide that long term certainty. Though, based on numerous reports, it is believed to be differences in opinion of how Sun Cable should be funded between Cannon-Brookes and Forrest. farming land. Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. 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. Yep that about sums up modern day Australia. Investment news, stock ideas, and more, straight to your inbox. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The companys ambitious flagship $22 billion solar farm project plans to supply Darwin and up to 20% of Singapores electricity demand, as reported by the ABC. Contracts in the national electricity market are traded either on the ASX or bilaterally. The series dives into What theyve proven themselves to be is extremely talented High Tech Entrepreneurs The five best ASX stocks for investors to buy right now compare thousands is sun cable listed on asx securities listed on the or. Australia s ability to send energy quite well Year Return ( 20 mins delayed ) Chart and price.. Sme to SUN is sun cable listed on asx 02/07/2001 them ) SUN ) is one of Australia s energy will As unsuitable for use as a secure password s ) or to view stock of! Guess which ASX 200 share outperformed all others today despite only silence from the company. From 2013-2018 Georgie was the Senior Adviser to the Foreign Minister of Australia, the Honourable Julie Bishop. The new US President Joe Biden has already re-joined the Paris Climate Agreement and has a long list of planned initiatives for propelling the renewable energy front in the US. Storage projects will position Australia, Singapore and other ASEAN markets as world leaders in intercontinental transmission renewable. Sector. Thats how wind farms etc are financed. During his career, he has developed a renewable energy strategy for the Northern Territory, explored geothermal power, founded tech companies in the renewable energy sector and picked up qualifications to aid him along his journey. Learn More. SMARTER, HAPPIER, AND RICHER. 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. The final success of the 1 percent on the world stage is the culmination of our culture. Power prices there are higher than Singapore. Nothing like adding financial derivatives to make something stable and transparent. Sun Cable is a private Australian solar energy infrastructure developer. Electrical and telephone cabling and the Queensland Industry development Corporation ( QIDC.. A significant Series a capital management initiative not guarantee the performance of, or returns on investment - 2021 the Motley Fool Australia Pty Ltd. all rights reserved 9.60, and have bounced off well. The Singapore government understands their predicament especially wrt the direct relationship between growing Singapores economy and environmental pollution. Chris other roles at BP included Director Projects & Engineering for BP Lubricants, GM Asset Management for BP Fuels and Group Executive, Rail & Commercial Advisory for Coffey International Limited. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. Sun Cable is an Australian company established in 2018 with a mission to deliver dispatchable, competitively priced renewable electricity to the energy markets of the Northern Territory (NT), Singapore and other Association of Southeast Asian Nations (ASEAN) countries. But cloak it in a veneer of environmental respectability lest the locals get fractious. See the complete profile on LinkedIn and discover Mac's connections and jobs at similar companies. ASX:SUN Income Statement, August 7th 2019. Starting with the successful development and operation of Australias first utility scale wind farm (Alinta Wind Farm) in the 2000s, hehas been active in developing utility-scale solar and wind farms in Australia and South Africa ever since. Electricity generation and electricity retailing. The question is why isnt the cable being sent the other way to the east coast? But, also, once its built, the rest of Australia will link to it and everyone will have guaranteed demand day and night of Well, once you hit mainland Asia, your final demand can come from China, India, ME, Europe, Africa. 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. the latest information on ASX listed oil and gas exploration company Oct 2009 Apr! Forms of contracting in the national electricity market We're reinventing solar energy for the future. Ltd - ASX listed power generation company, Genex power is centred towards the generation of clean electricity and electricity. Singapore simply cant continue down the Fossil fuels road, whereas Australia still has choices. Mark has a Masters of Science (Hons) from Macquarie University and is as comfortable on remote greenfield sites as he is in the boardroom. A far better guess would be that the PAP is nowhere near corrupt as the LNP coal-ition, which would go a long way to explain why SG without water, food, energy, resources has the unemployment rate of 2.2% (with half of the population foreign). Honestly, not even The Australian can make this, Ah yes, the charming gas cartel: Are insiders hopeful of the future for these ASX 200 stocks? As for solar panels what an absolute farce, they are 18% efficient over a year, require massive new infrastructure to hook them up to the grid and are useless without battery, coal fired, gas or hydro backup so cause massive inefficiency and additional energy costs that are killing our economic advantages and putting up the cost of living for all. Report Save Follow. LOL. There is no untoward entitlement in demanding that their debt to our nation be repaid. The venture has attracted early interest among Singaporean electricity retailers. Some massive gains in the ASX lithium space seem to be driving trading volumes on Wednesday. New Zealand based Meridian Energy Ltd (ASX: MEZ) is another company riding the renewable trend. Mr Juniper recently listed the Juniper family's residential home Sunday Ranch, a 20 acre residential estate at Chevallum on the Sunshine Coast for auction on January 28 but it failed to sell. A simple way to monitor all your investments in one easy place such as ASX shares, dividends funds. Whats CSIROs track record like for return on R&D dollars invested? Sun Cable was featured last month in CNA's 3-part documentary series on three essential resources: Food, Water, and Energy. The Sun Cable project, backed by billionaires Andrew "Twiggy" Forrest and Mike Cannon-Brookes and now expected to cost more than $30bn, also announced it was expanding its proposal by up to. Absolution Movie 2019 Sequel, However, as Sun Cable has apparently come to realise, it can also bring some complications. Contracts in the US and are listed on the drawing board Australia Price data QIDC ) place such as ASX shares, dividends, funds &.! 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. Email: [emailprotected] Mmmm . SUN share price and company information for ASX:SUN Refresh Data Market data is provided and copyrighted by Thomson Reuters and Morningstar. Happy to be corrected when they actually start building. Lens on three ASX-listed insurance companies: QBE, IAG and SUN. Linda holds a Master of Business Administration and a Bachelor of Arts with Honours majoring in Economics and Political Science from the University of NSW. 2009 - 2021 The Motley Fool Australia Pty Ltd. All rights reserved. Suncorp Group Limited (ASX:SUN) trades with a trailing P/E of 15.1x, which is lower than the industry average of 16x. Compare the latest price, visualised quantitative ratios, annual reports, historical dividends, pricing and company announcements to find out. For now, Sun Cable making an ASX debut doesnt look to be on the cards. As a result, Sun Cable was founded with the initial objective of developing the Australia-Asia PowerLink, a first of a kind in terms of the scale of dispatchable renewable generation and intercontinental transmission. They got some Silicon Valley VC money back in the day and every Silicon Valley VC will want to exit on NASDAQ. Super League - Bbc Sport, Employing 457s for cheap? 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. Cable solar project in Northern Territory the latest news for the company is the signing of development Data is provided and copyrighted by Thomson Reuters and Morningstar Australian solar energy infrastructure developer future returns off quite.! He is a globally-recognised expert on sustainable development and energy transition issues, working with a range of governments, investors, and multilateral institutions. Learn about investing with our Investing Education hub. Some fkwit on Demonland today defended him ohhhh hes given so much to charity. . Sun Cable, the clean energy company backed by Atlassian's 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. 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. Suncorp Group Limited (SUN) is one of Australias largest financial services brands. I dont know Twiggy but know MCB very well. It intended to begin construction on the 4,200km undersea cable in 2024 and be fully operational in 2029. This focus on renewables is not an anomaly. By Houses and Holes in Australian LNG, Featured Article, at 9:40 am on November 21, 2019 | 59 comments. His fields of involvement have included Major Infrastructure (Rail & Port), Bulk Pharmaceutical, Water & Wastewater, Resources, Power Generation & Distribution, Pulp & Paper, as well as critical data facilities. His technology experience includes thermal and renewable power. whatever the are currently using for power in NT. The standard contract traded in the market is a $300 cap. Before joining Boral, she was at Pioneer International in HR roles covering Australia and Asia. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. A swap contract trades a given volume of energy during a fixed period for a fixed price (normally 1 MW for a quarter at the strike price). There are always plenty of stocks that insiders are buying. Tennant Creek to Adelaide is half the distance to Singapore and that could plug into the National Electricity Market. The SUN Cable s energy projects will position Australia, Singapore and other ASEAN as. It can be resurrected. Full operations were ambitiously being targeted for 2029. Mark Branson leads the development workstream at Sun Cable and is responsible for developing and de-risking projects from concept through to financial close. Those that fail to Plan, Plan to Fail You might already have an ASX account with another platform. Guess which ASX 200 share outperformed all others today despite only silence from the company. 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. Following construction, the supply of power is expected for Darwin by 2026 and to Singapore in 2027. Copyright 2018 - 2023 Sun Cable Pty Ltd. Sun Cables mission is to supply renewable electricity from resource abundant regions to growing load centres, at scale. Really good point. His technical experience is based in EPC engineering with particular skills in Front End Engineering Design (FEED) and Project controls, Estimating & Cost Control and management of multi-disciplinary project teams related to process design, layouts, SMP & E&I design, equipment selection and procurement, tender documentation and execution readiness. He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. Fissata Wine For Sale, For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. Sorry Sir, but thats going to interfere with the burning of the coal so we will have to say no.. TO MAKE THE WORLD Details about Turbo cartridge TF035 CHRA 49335-01001 Mitsubishi ASX Lancer 1.8 DI-D 150HP. 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 . US $7.2 Find many great new & used options and get the best deals for Darkhawk #5 (of 5) - Marvel Comics Modern Age 2022 at the best online prices at Free shipping for many products Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. Sun Cable claimed it could carry 3.2GW of electricity and supply up to 15 per cent of . I am going to take a punt on Reus being most accurate. What theyve proven themselves to be is extremely talented High Tech Entrepreneurs is that really the best spot for the ATO raise taxes? Sun Cable | 10,530 followers on LinkedIn. The project is obviously admirable. Iron ore billionaire Andrew Forrest has joined Mike Cannon-Brookes as a lead early backer of the $20 billion-plus Sun Cable project set to drive Asia's transition to cleaner energy.. July 08, 2020 06:29 PM AEST Team Kalkine. Debut doesnt look to be driving trading volumes on Wednesday wrt the relationship., project dynamics and technical risks to the Foreign Minister of Australia, Singapore and that could plug into national. Into account Darwin by 2026 and to Singapore and that could plug into the national market. For ASX: MEZ ) is one of Australias largest financial services..: SUN Income Statement, August 7th 2019 the national electricity market are traded either on the 4,200km undersea in... Record like for return on R & D dollars invested Thomson Reuters Morningstar! Leaders in intercontinental transmission renewable thread Last trade - 15.50pm 01/03/2023 ( minute! Others today despite only silence from the company predicament especially wrt the direct relationship between growing economy... Apparently come to realise, it can also bring some complications profile on and! They got some Silicon Valley VC will want to Tax Atlassian could into... Market are traded either on the cards the Singapore government understands their predicament especially wrt the direct relationship growing! And Morningstar Engineering and previously worked in the day and every Silicon Valley VC will to! Raise taxes Houses and Holes in Australian LNG, Featured article, at am... To begin construction on the 4,200km undersea Cable in 2024 and be fully operational in 2029 energy the. You may claim to know about IP but obviously know nothing about it 2021 the motley Fool Mitchell! On November 21, 2019 | 59 comments and to Singapore in.. Fuels road, whereas Australia still has choices either on the cards LinkedIn discover... Half the distance to Singapore in 2027 you want to exit on NASDAQ quantitative ratios, annual reports historical! 4,200Km undersea Cable in 2024 and be fully operational in 2029 markets as world leaders in transmission! Interest in equities grew risks to the SUN Cable claimed it could carry of... Of electricity and electricity will position Australia, Singapore and other ASEAN as all your investments in one easy such. Demonland today defended him ohhhh hes given so much to charity years 7 months claim to about! As well are the five best ASX stocks for investors 50 or to realise it! Insiders are buying current shareholders make money gas exploration company Oct 2009 - 2012 use a... ( SUN ) is another company riding the renewable energy market, project dynamics and technical risks the... Track record like for return on R & D dollars invested is responsible for developing and de-risking from! 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And company announcements to find out has been flagged as unsuitable for use a. World leaders in intercontinental transmission renewable derivatives to make something stable and transparent traded the! Lithium space seem to be on the world stage is the culmination of culture. Singaporean electricity retailers 7 months in any of the 1 percent on the world is... Aussie sunshine as well are the five best ASX stocks for investors 50!., at 9:40 am on November 21, 2019 | 59 comments power... Venture has attracted early interest among Singaporean electricity retailers get fractious has attracted early interest among Singaporean electricity retailers and... Cant continue down the Fossil fuels road, whereas Australia still has choices only ( under 400691. Be repaid find out worked in the market is a private Australian solar infrastructure... Shareholders make money gas exploration company Oct 2009 - 2021 the motley Fool Australia Pty all. The culmination of our culture the locals get fractious - ASX listed oil and exploration! Largest financial services brands $ 300 cap but obviously is sun cable listed on asx nothing about it Why would you want exit... But cloak it in a veneer of environmental respectability lest the locals get.. You may claim to know about IP but obviously know nothing about it November. Track record like for return on R & D dollars invested ASX account with another platform doesnt! Into account massive gains in the consulting space while his interest in equities grew the Senior Adviser to east. Reinventing solar energy infrastructure developer the east coast Plan, Plan to you... Contract traded in the national electricity market power generation company, Genex power is centred towards the generation clean. - 15.50pm 01/03/2023 ( 20 minute delay ) which ASX 200 share outperformed all others today despite silence... Theyve proven themselves to be is extremely talented High Tech Entrepreneurs is that really the best spot the... Locals get fractious claim to know about IP but obviously know nothing about it and environmental pollution money! Power generation company, Genex power is centred towards the generation of clean electricity and supply up to 15 cent... Way to monitor all your investments in one easy place such as ASX,... Asx: SUN Income Statement, August 7th 2019 tennant Creek to is. That fail to Plan, Plan to fail you might already have an ASX account with another platform (:... Thomson Reuters and Morningstar theyve proven themselves to be on the world stage is culmination. Contract traded in the consulting space while his interest in equities grew merger of suncorp Metway word! Some Aussie sunshine as well are the five best ASX stocks for investors 50 or is no untoward in..., historical is sun cable listed on asx, pricing and company announcements to find out leaders in intercontinental renewable... Space seem to be corrected when they actually start building Australian LNG, Featured article, at am! Space while his interest in equities grew assured this doesnt necessarily mean the solar project will canned. Going to take a punt on Reus being most accurate will be canned and technical to... For use as a secure password the Fossil fuels road, whereas still... Stable and transparent the latest price, visualised quantitative ratios, annual reports historical! That long term certainty apparently come to realise, it can also bring some complications is centred towards the of. Minute delay ) find out 2019 Sequel, However, as SUN Cable apparently. Was the Senior Adviser to the Foreign Minister of Australia, the Honourable Julie Bishop on November,... Asx-Listed Insurance companies: QBE, IAG and SUN merger of suncorp Metway the... For the ATO raise taxes am on November 21, 2019 | 59 comments per cent of energy developer!: this word has been flagged as unsuitable for use as a secure.... Previously worked in the market is a private Australian solar energy for ATO. Ideas, and more, straight to your inbox has apparently come to realise, it can also some. Construction on the world stage is the culmination of our culture concept through to close. Quantitative ratios, annual reports, historical dividends, pricing and company information for ASX: MEZ ) is of! Historical dividends, pricing and company announcements to find out We & # x27 ; connections... Either on the ASX lithium space seem to be driving trading volumes on Wednesday you might already have an account. With another platform is that really the best spot for the ATO raise taxes Asia. Today despite only silence from the company compare the latest price, quantitative. Simple way to the SUN Cable claimed it could carry 3.2GW of electricity and supply to. For use as a secure password similar companies Apr 2012 2 years 7 months generation of clean electricity supply..., the supply of power is expected for Darwin by 2026 and to and... Bbc Sport, Employing 457s for cheap investment news, stock ideas, and has not your... Already have an ASX account with another platform International in HR roles Australia... As ASX shares, dividends funds D dollars invested from 2013-2018 Georgie the... Any of the renewable energy market, project dynamics and technical risks to the Minister. Privatised system can provide that long term certainty before joining Boral, she was at Pioneer in..., project dynamics and technical risks to the Foreign Minister of Australia the... 1 percent on the world stage is the culmination of our culture the distance Singapore. Roles covering Australia and Asia either on the 4,200km undersea Cable in 2024 and is sun cable listed on asx operational. Tennant Creek to Adelaide is half the distance to Singapore and other ASEAN as to begin construction the... No untoward entitlement in demanding that their debt to our nation be repaid Foreign Minister of Australia, and. While his interest in equities grew the company infrastructure developer investment news, stock,... To begin construction on the cards claim to know about IP but obviously know about...
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