The Northern Territory 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.
The Project Development Agreement provides a roadmap for the partnership to finalise land tenure and commercial arrangements ahead of the project's financial close. The Barkly region has been chosen as the ideal location for a solar farm and battery storage facility, which will be built across 12,000 hectares.
image: Sun Corp