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The Briefing

The story behind the billionaire Sun Cable bust-up

The Briefing
The Briefing

Australian billionaires Mike Cannon-Brookes and Andrew Forrest have fallen out over the $30b Sun Cable project, which is the giant NT solar farm that’s supposed to supply Darwin, Indonesia and Singapore with power. Last week, news broke that Sun Cable has entered voluntary administration.

Sun Cable was burning through cash and missing agreed targets. Both billionaires say they still support the project, but it seems they won’t be working on it together, it will be interesting to see what happens next, whether one of them steps in to buy it outright.

We speak to the Australian Financial Review's senior resources writer Angela Macdonald-Smith about the story behind the Sun Cable bust up?

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