Mike Cannon-Brookes and Andrew “Twiggy” Forrest invest in ‘massive’ solar farm to supply power to Singapore

Australian billionaires Mike Cannon-Brookes and Andrew “Twiggy” Forrest have joined a capital raising of “tens of millions of dollars” to build a huge solar farm in Australia to supply electricity to Singapore.

David Griffin, chief executive of Sun Cable, did not disclose the total investment other than to say it was less than $50 million. Mr Cannon-Brookes and his wife, Annie, were “lead investors” with their family firm Grok Ventures, while Mr Forrest tipped in funds from his Squadron Energy company.

Atlassian co-founder Mike Cannon-Brookes’ family investment firm, Grok Ventures, will help fund development of a solar-power link between the Northern Territory and Singapore.Credit:Louie Douvis

The over-subscribed raising marks the start of what could become a $22 billion plan to build the world’s largest solar farm with a 10-gigawatt capacity covering 15,000 hectares near Tennant Creek in the NT, and a 22GW-hour storage plant.

The project would aim to supply competitively priced electricity to the Darwin region and to Singapore via a 4500-kilometre high-voltage cable.


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