The collapse of plans by two of Australia's richest people to export solar power from the country's sun-drenched north to Singapore highlights the extreme difficulty of developing mega renewable energy projects, according to experts.
Sun Cable, which is backed by iron ore magnate Andrew Forrest and tech billionaire Mike Cannon-Brookes, was placed into voluntary administration last week amid a falling-out between the pair over the need to tip more money into the venture.
The failure has shone a light on the challenges facing ambitious green power export projects, which include the massive Asian Renewable Energy Hub proposal for the remote Pilbara region of Western Australia's north-west.
