Business & Economy

Australia, Singapore ink deal on solar energy export via undersea cable

Sydney, Australia, Oct 18 (EFE).- Australia and Singapore signed an agreement on Tuesday to strengthen the fight against the climate crisis and push towards net zero emissions.

The Green Economy Agreement paves the way for the export of clean energy to the Asian city-state through an undersea cable connected to the “world’s largest solar farm” in the Oceanian country, Australian Prime Minister Anthony Albanese and his Singaporean counterpart Lee Hsien Loong announced at a press conference in Canberra.

The agreement also includes initiatives to facilitate the exchange of environmental goods and services and clean energy.

According to Albanese, one of the benefits of this agreement is that it gives impetus to the Sun Cable project that “has the potential to export clean energy to Singapore,” which he described as “one of the most innovative economies in the world.”

“If this project can be made to work – and I believe it can be – you will see the world’s largest solar farm, you will see the export of energy across distances,” Albanese added, reaffirming his commitment to making Australia “a renewable energy superpower for the world.”

The Labor leader, who came to power in May on promises to step up the fight against climate change, was referring to plans by Singapore-based Sun Cable to build the world’s first intercontinental power grid.

Sun Cable’s Australia-Asia Power Link (AAPowerLink) project, the construction of which is expected to begin in 2023, includes the development of the longest undersea cable to transport power from a massive solar park and other facilities located in northern Australia in order to supply 15 percent of Singapore’s electricity requirements. EFE


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