Billionaire says renewables will drive Australia’s next commodities boom as his Grok Ventures finalises acquisition
Get our morning and afternoon news emails, free app or daily news podcast
The tech billionaire Mike Cannon-Brookes has renewed plans by the Sun Cable project to develop giant solar farms in inland Australia to supply electricity to Darwin – and to Singapore via an undersea cable.
Grok Ventures, the private investment company of Cannon-Brookes, on Thursday finalised its acquisition of Sun Cable, months after a dispute between its billionaire backers threatened to derail the huge solar project.
More Stories
China ‘evaluating’ US offer to engage in trade negotiations
Federal election 2025 live: Australia polls open, voting begins; Anthony Albanese and Peter Dutton on election day campaign for Labor and Coalition – latest news
AfD ‘extremist’ label sets up political high-wire act for Friedrich Merz