MQGPB News: Macquarie and Moelis hired to raise $20bn for world’s longest undersea power line - 5th Jul 2022, 4:26pm

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Australian energy start-up Sun Cable has hired investment banks Macquarie and Moelis to raise more than A$30bn (US$20.6bn) over the next 18 months to fund a giant solar farm and the world’s longest undersea power cable. It will be the first time an Australian renewables development worth tens of billions of dollars goes to capital markets for full project funding. The project is expected to test investor faith in the idea that Australia, a leading fossil fuel exporter, can also be a signifi...

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