JOURNAL ARTICLE

Australia's Multi-Billion Dollar Undersea Power Cable Given Environmental Nod.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wright, Keira 3 of 3

Abstract

The article focuses on Australia's environmental approval of the Marinus Link, a multibillion-dollar undersea power cable project connecting the mainland to Tasmania's renewable energy resources. The project involves building or upgrading transmission lines across a 162-kilometer corridor to link Tasmania's hydro and wind power with mainland solar generation, enabling energy exchange between the two regions. Originally planned as a two-cable system, the project has faced cost overruns leading to reduced capacity and delayed completion. Funding includes A$3.8 billion from the Clean Energy Finance Corporation, covering 80% of the total cost, with the Commonwealth, Tasmania, and Victoria sharing the remainder. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2026
  • Accession Number:193260874
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