The “Sun Cable” project, which costs more than R$ 100 billion, has received investment from the businessman, co-founder of a software giant
An ambitious solar energy generation and transmission project is underway in Australia. In theory, the ‘Sun Cable’, billed as “the largest solar area in the world”it will cover 12,000 hectares and will have the capacity to supply from northern Australia to the capital Darwin and even Singapore. Something innovative.
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According to the Earth.orgthe proposal will have almost ten times the size of the largest power plant in existence today, the Bahia Solar Park in India, and will measure up 30 times the capacity of the largest battery in the world. It will also require one of the largest capital raises in the country’s history.
According to investigations carried out by RenewEconomy.comthe project requires more than 30 billion dollars (approximately R$163 billion). That’s a lot of money to make Australia a world leader in green energy.
The initiative caught the tech billionaire’s attention Mike Cannon-Brookes who, in addition to being a co-founder of the software giant Atlassian, has an estimated net worth of US$11.1 billion (R$61.3 billion)he is known as a great environmental activist and investor. Now he supports this revolutionary idea.
Who is Mike Cannon-Brookes?
Michael “Mike” Cannon-Brookes, 44, is an Australian businessman who is ranked 148th in a very select list of global billionaires and ranks 4th in Australia’s 50 richest people. He holds a bachelor’s degree in information systems from the University of New South Wales in Sydney.
Shortly after graduating in 2002, he and friend Scott Farquhar founded Atlassian. The company consolidated and entered the Nasdaq stock exchange in December 2015, with a market capital of $4.37 billion (equivalent to just over R$23.7 billion).
Alongside his business, Mike has always invested in green projects and supports the reduction of fossil fuels in favor of renewable energy sources. In 2022, it offered $8 billion (R$43.4 billion) to buy Australia’s largest energy company, with plans to accelerate the closure of coal plants and the transition to other energies.
Although the bid failed, he managed to purchase a minority stake in the company and managed to block a spin-off. The impact was so great that it caused the CEO and president to resign, an act described by Earth.org as “one of the greatest successes of climate-related shareholder activism in history”.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
