Major milestone reached for renewable energy project
The Northern Territory (NT) Government and Sun Cable have signed a milestone agreement that will advance development of the $22 billion Australia-ASEAN Power Link (AAPL).
The project will see up to $8 billion invested into the Territory, which will host the largest solar farm and renewable energy system in the world.
Today’s signing of the Project Development Agreement provides a roadmap for the NT Government and Sun Cable to work in partnership to finalise land tenure and commercial arrangements ahead of the project’s financial close.
Read the full media release on the Northern Territory Government Newsroom.