The government’s acceptance comes as the center-left state ramps up clean energy initiatives even as the opposition alliance proposes building nuclear plants to remove coal-fired power by 2050, in a nation where nuclear power is now prohibited.
SunCable, owned by businessman Mike Cannon-Brookes, said the endorsement was” a vote of confidence” in the job.
Cannon-Brookes, the co-founder of tech company Atlassian turned climate activist, last month said the task was practical and that exterior investors may be drawn to the task.
In a statement released without providing information about its financing programs, SunCable Australia Managing Director Cameron Garnsworthy stated that the company will now concentrate its efforts on the next stage of planning to improve the project toward a final purchase choice targeted by 2027.
SunCable stated that it was in discussions with the Indian authorities regarding the construction of the cable in its waters and with Singapore’s energy regulator regarding the conditional acceptance for the project’s cable interconnector component.
Last month, the Northern Territory authorities and the state’s environmental guardian gave the project their approval.