Sun Cable’s struggling A$30 billion ($20 billion) mega solar and storage project has received a welcome boost after resource company Tivan said it had signed a deal with the developer to take up to 300MW of renewable electricity.
Sydney-listed Tivan announced that it has signed a memorandum of understanding with Sun Cable subsidiary AAPowerlink Australia Assets for the supply of 200-300 MW of electricity generated by solar energy. The capacity could be used to boost a “state-of-the-art” mineral processing plant to be built in Darwin, Australia.
Sun Cable, which went into voluntary administration in January – due to shareholder “absences” – aims to develop one of the world’s largest integrated renewable energy production, storage and transmission projects. It includes the supply of up to 800MW of renewable electricity to Darwin.
The Australia-Asia PowerLink (AAPowerLink) project proposal includes the construction of up to 20 GW of solar power and 42 GWh of energy storage in the Barkley area of the Northern Territory, as well as a 5,000 km transmission network to supply Darwin, Singapore and Asian markets with renewable electricity. .
While the future of the AAPowerLink project has been in limbo since Sun Cable abruptly entered administration, Perth-based Tivan said its one-year deal with the developer is advancing commercial and technical discussions towards a possible uptake of up to 300MW of renewable electricity. about the project.
The solar-generated electricity will be used to power a facility being built in the Central Army Sustainable Development Area to process minerals from Tivan’s flagship vanadium, titanium and iron ore project at Mount Peake, which is being developed about 235 kilometers northwest of Alice Springs. Northern region.