Aussie billionaire invests in world's largest solar farm

Last Updated: Thu, Sep 26, 2019 14:32 hrs
Solar Park (Image Courtesy: IndiaSpend)

Canberra: Australian technology billionaire Mike Cannon-Brookes has announced that he would be investing to create the world's largest solar farm.

Cannon-Brookes, the co-founder of software company Atlassian, recently told the Australian Financial Review (AFR) that he would "shortly" declare how much he would pour into Singaporean company Sun Cable's project which is worth about A$20 billion ($13 billion).<br> <br>If it goes ahead, the power generated by the 15,000-hectare solar farm in the Northern Territory (NT) would be exported to Singapore via a 3,800 km high voltage direct current (HVDC) cable, Xinhua news agency reported.

"I'm backing it, we're going to make it work, I'm going to build a wire.

"This will be absolutely great, with world-leading engineering required. But we can do it," Cannon-Brookes said.<br> <br>The NT's Chief Minister Michael Gunner said that the state is ideally suited to lead Australia in the renewable energy industry.

"Investing in renewables means more local jobs, and more permanent jobs for Territorians," he told the Australian media.