Australia approves world’s ‘largest’ solar hub – to export solar energy to Singapore

Australia approved plans for a massive solar and battery farm that would export energy to Singapore

• announced environmental approvals for the US$24 billion SunCable project in Australia’s remote north
• project will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore
• hoped that energy production will begin in 2030
• project will provide four gigawatts of energy per hour for domestic use & two more gigawatts sent to Singapore via undersea cable will supply about 15 percent of the city-state’s needs

More info in the interesting report from AFP.

This article was written by Eamonn Sheridan at www.forexlive.com.