Brian Kahn of Bloomberg reports on one billionaire who is trying a unique climate fix.
- Mike Cannon-Brookes, the billionaire co-founder of Atlassian, believes Australia can become a renewable energy superpower by harnessing its abundant sunshine and land to build massive solar farms and export the clean electricity to Asia via undersea cables.
- He has acquired SunCable, a company planning to build the world’s largest solar farm in Australia and link it to Singapore via a 4,300 km undersea power cable, in an audacious but technically daunting $21 billion project.
- While Cannon-Brookes faces challenges around technology, financing, and logistics, the solution could play a pivotal role in delivering clean electricity to Asia.
“He’s broken up the project into modular chunks — among them are planning to build a cable factory, map the seabed and submit voluminous amounts of paperwork for siting a massive solar project. He’s also worked on a beta version of a cleaner Australian grid having purchased a major stake in one of the country’s top utilities and getting new board members installed to speed up its decarbonization timeline.”
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