MARKETS

Sun Cable raises A$210M for Australia-Asia PowerLink

ANDREW Forrest’s Squadron Energy and Mike Cannon Brookes’ Grok Ventures have just completed a A$210 million Series B capital raise for subsidiary Sun Cable to continue development work on its multi-gigawatt renewable electricity export project, the Australia-Asia PowerLink.

 Twiggy, Cannon Brookes lead investment

Twiggy, Cannon Brookes lead investment

Sun Cable said this morning that the capital raise drew funds from unnamed, existing shareholders, with the funds going towards both its flagship PowerLink project and its wider portfolio of renewable...

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