“It’s the biggest renewable project in the world, ever. No-one has worked on something like this before,” said Jane Smith (picutured), head of energy and power in the Pacific for global brokerage Marsh.
Sun Cable says its $30 billion plus AAPowerLink project will create the world’s largest solar farm and battery storage facility in the Northern Territory. The project aims to build a 4,200 km undersea transmission system from Darwin, through Indonesia to Singapore.
The high-capacity solar, storage and transmission system will be capable of supplying up to 15% of Singapore’s total electricity needs from 2027, said a company statement.
Last month, Marsh was appointed the AAPowerLink’s risk management partner (RMP). Smith leads an Australia based multi-disciplinary team of more than 40, part of Marsh’s global energy and power division of about 700 people.
“It’s just so exciting. It’s the project of a lifetime,” said Smith.
The scheme has the backing of the Australian and Northern Territory governments and took another step forward in September when Indonesia’s government approved a subsea permit through Indonesian waters. A 750 km subsea survey of the Australian section of the transmission line is also complete.
Sun Cable said the infrastructure network will make it possible to power whole cities with renewable energy. Smith…