SunCable’s Australia-Asia PowerLink Project on track to deliver clean energy for Middle Arm
The sale of SunCable’s Australia-Asia PowerLink (AAPowerLink) project is complete.
The sale of the AAPowerLink project to a Grok Ventures related entity is now finalised, with associated operations transitioning to the new owner.
AAPowerLink includes the development of the world’s biggest integrated renewable energy zone and battery complex on Powell Creek in the Barkly region of the Northern Territory, along with 800km of overhead HDVC transmission to the Darwin region, and 4,300km of subsea transmission to Singapore.
Completion of the sale was conditional on the novation of all material contracts to the new owner.
On 21 August 2023 the Chief Minister of the Northern Territory signed a deed of novation, novating the Territory’s project development agreement from Sun Cable Pty Ltd to the new owner.
The Northern Territory Government has supported this $40 billion project from the beginning - awarding it major project status in 2019, and passing facilitating project legislation in May 2022 to continue to propel this project forward.
Grok Ventures has assured the Northern Territory Government that it is committed to progressing the project to final investment decision, and will keep a SunCable office in Darwin.
The AAPowerLink is expected to create over 1,750 jobs during construction and 350 jobs during operations.
The project has the capacity to deliver up to 4GW of firmed renewable energy for the Territory and establish it as a low-emissions, green industrial and manufacturing hub.