Billionaire says renewables will drive Australia’s next commodities boom as his Grok Ventures finalises acquisition
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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.
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