The cost of these lofty megaprojects was conservatively estimated at a cool $35 billion,experts say the final price tag will be significantly higher.
It feels pretty careless for Sun Cable’s two largest investors/protagonists to now be in a situation where someone else could usurp them both. But disagreements,about what Sun Cable should do with the energy produced by the Northern Territory solar farm,killed the project’s funding.
Without this funding,Sun Cable was placed in the hands of administrators,who have sought new buyers for the company.
Australia’s two high-profile environmental warriors have a marriage of planet-saving ideology but money and control speak a different language. So,the prospect of a harmonious partnership was always pretty risky.
Needless to say,Cannon-Brookes’ Grok and Andrew Forrest’s private company Squadron have already put up their hands to buy the company from administrators FTI Consulting.
But both have now been put on notice that they aren’t the only players in the race.