3 ms·
"Collapsed" is oversimplifying the situation. The project was a joint venture between a multibillionaire mining magnate Andrew "Twiggy" Forrest and the Atlassi
by rgmerk 4y ago
"Collapsed" is oversimplifying the situation.
The project was a joint venture between a multibillionaire mining magnate Andrew "Twiggy" Forrest and the Atlassian cofounder Mike Cannon-Brookes. For whatever reason Forrest decided that other renewable energy ventures were a better bet and stopped funding the project. Despite it entering administration, Cannon-Brookes gave it another $65 million to continue operations.
https://www.businessnewsaustralia.com/articles/administrators-kick-off-sale-process-for-sun-cable.html https://www.businessnewsaustralia.com/articles/administrator...
As such, I don't think this one is quite dead yet.
- defrost 4y agoThe geophysics are as sketchy as AF. There was a certain amount of risk with the failure mode of a single deep cable etc. That was amplified beyond acceptable by the route which crossed multiple fault lines in a heavily volcanic region with many tectonic issues. With a tangential throw to the true father (IMHO) of evolution . . . [1] [1] https://en.wikipedia.org/wiki/Wallace_Line https://en.wikipedia.org/wiki/Wallace_Line