Renewable Energy for Singapore & Australia
As an island nation, Singapore is reliant on imported Liquid Natural Gas for 95% of its electricity. This leaves Singapore's electricity consumers excessively exposed to the vagaries of global oil and gas pricing.
Sun Cable will produce approximately a fifth of Singapore's electricity through solar power, sourced from the Australian desert and transmitted via a High Voltage Direct Current (HVDC) cable. Australia's strong relationship with Singapore, its stable economy, political and legal framework, will ensure security of supply for Singapore.
The 15,000 hectare solar array near Tennant Creek in Australia's Northern Territory will be supported by battery storage. This will allow Singapore, and also the Northern Territory, to have a more diverse electricity supply, thereby increasing resilience and helping it meet its Paris Commitment greenhouse gas reduction targets.
Community consultation will begin in late 2019.
Chief Executive Officer
David has been active in developing utility-scale solar and wind farms in Australia since 2000 and South Africa since 2010, through his own development companies and during his time as General Manager Development at Infigen Energy. Of the projects he has developed to date, 231 MW of solar PV and 416 MW of wind farms have been commissioned, and approximately 2 GW of wind and solar are in an advanced stage of development
Chief Operating Officer
Mac is an experienced technology business founder and CEO. He founded and built DigiGuard, an Australian and New Zealand wide IT business continuity firm headquartered in Melbourne and sold it to Iron Mountain (NYSE:IRM). He then founded, built and sold CloudRecover, a Sydney based enterprise cloud storage and online back up business to J2Global (NASDAQ:JCOM)
Dr Fraser Thompson
Chief Strategy Officer
Fraser is the Director of AlphaBeta Singapore, an economic strategy firm, and was the inaugural President of the Australian Chamber of Commerce in ASEAN (“AustCham ASEAN). Fraser is a Rhodes Scholar, with a PhD in Economics from Oxford University and has previously worked for McKinsey & Company and Boston Consulting Group.
5B have started with a clean slate and developed the simplest, fastest and smartest way to deliver large scale solar. The Maverick
This revolutionary approach combines modular design, prefabrication and rapid deployment – streamlining engineering & procurement and transferring cost, time & risk from your construction site to our factory.
Each Big Field Maverick used by Sun Cable is 6 panels across and generates 135KWp. Built off-site, and transported in a standard 40 foot shipping container, they are deployed in under an hour on-site.
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20 Nov 2019 - Equity Raise Press Release