Sun Cable, the company behind the world’s biggest solar project aiming to supply up to 15 percent of Singapore’s total renewable electricity needs annually, has entered voluntary administration.
The company had been backed by two Australian billionaires, Atlassian co-founder Mike Cannon-Brookes and former CEO of Fortescue Metals Group Andrew Forrest.
In a vague media statement on Jan. 11, the solar venture said it has “made the difficult decision to enter voluntary administration.”
The move will “unlock a path forward” for Sun Cable to “access additional capital for continued development of its marque project, the Australia-Asia Power Link (AAPowerLink).
The company describes AAPowerLink on its website as the world’s largest solar energy infrastructure project, which will harness solar energy from the Northern Territory, one of the sunniest locations on Earth.
The energy will then be supplied to Darwin and Singapore 24/7 through a 5,000 km transmission system.
“The appointment followed the absence of alignment with the objectives of all shareholders,” the company said.
“Whilst funding proposals were provided, consensus on the future direction and funding structure of the company could not be achieved.”
The solar venture has appointed global advisory firm FTI Consulting as its administrator, noting that FRI will work with Sun Cable and key stakeholders to “determine appropriate next steps for the business.”
“This will likely involve a process to seek expressions of interest for either a recapitalisation or sale of the business.”
Project Well Placed For Completion
David Griffin, founder and CEO of Sun Cable, said the company has made “extraordinary progress in developing the AAPowerLink”, which “remains well placed for completion.”
He maintained that the demand for delivering “reliable, dispatchable 24/7 renewable energy” in the Northern Territory and the region has “risen materially.”
Meanwhile, Cannon-Brookes, Chair of Sun Cable, said he was confident it will “play a huge role in delivering green energy for the world, right here from Australia.”
“I fully back this ambition and the team, and look forward to supporting the company’s next chapter.”
The collapse of Sun Cable comes despite the centre-left Labor government’s push for net-zero emissions by 2050, having committed $4.7 billion (US $3.2 billion) to fund renewable energy infrastructure in New South Wales in December.
“Recently, large-scale solar generation has begun rapid expansion. Large-scale solar generation has grown from negligible levels before 2016 to four percent of all Australian electricity generation in 2021, representing a five-year growth rate of 1,747 percent,” said the government’s climate change department on its website.
In Australia, rooftop solar PV systems remained the largest full-time equivalent employer among renewable energy types.
However, the share of renewable energy jobs has declined each year since 2012, according to the Australian Bureau of Statistics.
A 2021 report by the International Energy Agency found that “relatively high investment costs, lack of dedicated auctions and competition from solar PV and battery storage projects prevent the faster expansion of concentrated solar panel.”
Expensive Transition to Renewables
While renewable energy has been touted by the government as a cheap solution for climate change, a Canadian study found that if all costs are considered, wind and solar are actually more expensive to produce electricity and such a transition would be environmentally nonviable.
“When we look at the environmental impact of our energy systems, we have to look at the entire value chain,” the first author of the study Dr. Lars Schernikau said in SAGE talks in May. Schernikau is an energy economist and commodity trader.
“There is a production of raw materials that we have to consider. There’s the processing of raw materials that we have to consider. There’s the transportation of raw materials and products that we have to consider,” he said.
“Of course, there’s the actual operation, the combustion of materials, whatever we do with the production. And then there’s the recycling. So these are the main steps where we have to consider our environmental impact.”
Schernikau said there’re non-emission issues to consider as well, such as energy efficiency, material efficiency, space requirement, waste requirement, the effect on animal and plant life, and the effect on health and safety.
“Wind and Solar have zero CO2? Why? Because during combustion, they don’t produce CO2. But when you look at the entire value chain, they produce a lot of CO2,” said Schernikau.
Harry Lee contributed to this article. Cross-posted from our premium news partners at The Epoch Times.
Bypass Big Tech Censors
Two Storms, One Harvest
Every food crisis in living memory has been a one-shock event. The 2008 price spike was a commodity bubble. The 2020 shortages were a logistics failure. The 2022 grain scare was a war on one exporter’s ports. Each time, the system bent, adjusted, and recovered, and each time the experts assured us afterward that global markets are simply too big and too diversified to fail.
What nobody in Washington seems eager to discuss is that 2026 is shaping up to be something the modern food system has never actually faced. Two independent shocks, one climatic and one geopolitical, are converging on the same harvest cycle at the same time. Not sequentially. Simultaneously.
Start with the weather. The Pacific Ocean is currently building toward what forecasters now openly call a record event. NOAA’s Climate Prediction Center puts the odds of at least a strong El Niño near 88 percent, with roughly two in three odds it reaches “very strong” status, the tier reserved for perhaps three or four events in the entire satellite era. Every major global model now projects a median peak in Super El Niño territory, and most of them project it exceeding the 2015-16 event, which until now held the modern record. Sea surface anomalies were already brushing the super threshold in mid-July, months before these events normally peak. The atmosphere has already shifted into El Niño mode, and the event is forecast to crest in late fall and early winter.
This is not about “climate change.” It’s about the standard cycles of weather, and the cycle we’re currently in is one that has likely devastated societies in the past. We’re better prepared as a society today, but not all Americans are equally prepared.
Serious households have started doing the quiet math on their own. Grocery bills tell part of the story, and the forecast maps tell the rest, which is why long-term food storage has moved from fringe hobby to mainstream line item in the family budget, with established suppliers like Heaven’s Harvest seeing demand from people who five years ago would have rolled their eyes at the idea. That instinct is not paranoia. It is pattern recognition, and the pattern is worth walking through carefully.
Editor’s Note: Heaven’s Harvest IS a sponsor, but the warnings of this article are real and would be written even if we didn’t have a survival food sponsor. With that said, those who take advantage of what they offer can use promo code “Patriot” for 15% off.
The Fertilizer Clock Is Already Running
While the Pacific warms, the second shock has been unfolding in the Strait of Hormuz. The conflict with Iran turned the world’s most important energy chokepoint into a contested waterway, and the consequences reach far beyond the gas pump. Roughly a third of global fertilizer trade moves through Hormuz, and the disruption sent urea prices up 86 percent year over year by March, with a 53 percent jump in a single month.
The World Bank projects energy prices rising about 24 percent in 2026 and fertilizer about 31 percent. By its own accounting, fertilizer prices ran 35 percent higher in the first five months of this year than the same period last year.
Here is the mechanism the nightly news will not explain. Fertilizer is not a grocery item. It is a time-delayed input. The nitrogen a farmer in Iowa or Punjab could not afford to apply this spring does not show up as a problem this spring. It shows up as a thinner harvest six to twelve months later.
The World Bank’s own food security brief concedes that the effects of reduced applications earlier this season “are likely to become visible only later in harvest outcomes.” Translate that from institutional language into plain English and it means this. The damage is already done, it is already in the ground, and we are simply waiting for it to arrive on the shelf.
Now check the calendar. Six to twelve months from the spring planting season lands us squarely in late 2026 and early 2027. Which is precisely when the strongest El Niño in the instrumental record is forecast to peak, bringing its signature droughts to Southeast Asia, Australia, southern Africa, northern Brazil, and South Asia, the very regions that grow the world’s rice, sugar, and oilseeds.
The World Bank warns openly that a strong El Niño “could disrupt multiple crop belts simultaneously” on top of the conflict-driven input costs. Their baseline projection assumes the Middle East disruptions ease by autumn. What in the last two years of Middle East history suggests that assumption is safe?
The System Has No Slack Left
The comfortable answer is that global markets always adjust. But adjustment requires slack, and the slack is gone. Global cereal production is expected to decline from last year’s records even before El Niño does its work. The UN World Food Programme, hardly a den of right-wing preppers, is calling this the most significant disruption to its supply chains since Covid and the invasion of Ukraine, and its supply chain director put the stakes bluntly.
Today’s supply chain challenges are tomorrow’s hunger crisis.
There is also a political dimension that markets cannot price. When food gets scarce, governments do not behave like economists. They behave like politicians. Export bans, hoarding mandates, and panic buying at the national level turned the modest rice shortfall of 2008 into a global crisis, and analysts are already warning that import-dependent nations are the first dominoes.
The 2015-16 Super El Niño, a far weaker event than what is now forecast, threw tens of millions into food stress across Africa and Asia. This one is projected to be stronger, and it arrives with fertilizer already rationed by price and shipping lanes already contested by missiles.
What Joseph Knew
Scripture does not treat preparation for lean years as faithlessness. It treats it as wisdom delivered in advance to those willing to act on it.
Behold, there come seven years of great plenty throughout all the land of Egypt: And there shall arise after them seven years of famine; and all the plenty shall be forgotten in the land of Egypt.
Joseph did not respond to that warning with a hashtag or a committee. He stored grain during the years of abundance, and when the famine came, Egypt stood while its neighbors begged. The lesson is not that famine is certain. It is that the time to prepare is precisely when preparation still looks optional.
Nobody who filled a pantry in a year of plenty has ever regretted it, and nobody standing in an empty aisle has ever been glad he waited for certainty.
None of this calls for panic, and panic is the enemy of sound judgment anyway. It calls for the same unglamorous prudence our grandparents considered ordinary. Keep some cash margin, know your local growers, and put real food in deep storage while it is cheap and available, because the entire arc of this story is that cheap and available is a closing window.
Families looking for a straightforward place to start can visit Heaven’s Harvest and use promo code Patriot for 15 percent off long-term storable food. The forecasts may yet soften, the strait may yet reopen, and we should pray they do. But hope is a fine thing to hold and a foolish thing to eat.