Clash of Green Billionaires Upends Asia’s Undersea Solar Quest
- Asia-spanning grid captures imagination of world’s wealthiest
- Plan to export Australian clean power to Singapore at risk
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The elusive dream of a subsea power grid sending clean energy across Asia has hit a new setback: feuding billionaires.
The Sun Cable project, which aims to export solar power from Australia to Singapore through a 4,200-kilometer (2,600-mile) submarine cable, entered into voluntary administration Wednesday after a disagreement between two of Australia’s richest men, tech tycoon Mike Cannon-Brookes and iron ore magnate Andrew Forrest.