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AAP
AAP
Environment
Derek Rose

UNBELIEVABLE: Billionaire backed sun cable collapses - Caught on Camera

Sun Cable Sun Andrew Forrest Mike CannonBrookes
Sun Cable chairman Mike Cannon-Brookes says the company has achieved a lot since it was founded. (Dan Himbrechts/AAP PHOTOS) (AAP)

A company planning the world's largest battery and submarine cable as part of a plan to export Australian solar power to Singapore has collapsed into administration.

Sun Cable, backed by billionaires Andrew Forrest and Mike Cannon-Brookes, said on Wednesday it made the difficult decision to enter voluntary administration in the hopes of unlocking extra capital to develop the $30 billion Australia-Asia PowerLink project.

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