The Northern Territory Government in Australia has awarded major project status to Sun Cable’s proposed Australia-Singapore Power Link (ASPL).

Sun Cable’s ASPL is an $14bn (A$20bn) project near Tennant Creek that involves power supply to the Darwin and Singapore markets through a high voltage direct current transmission. It includes a 10GW solar farm and a 20GW-30GWh storage facility.

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The Northern Territory Chief Minister Michael Gunner said: “The Northern Territory has an incredible opportunity to lead the world as a renewable energy hub, and seizing this opportunity will deliver thousands of local jobs.

“We have the guaranteed cloud-free days, the land and a government with the vision, plan and will to make it happen. Major Project Status for Sun Cable is an important step towards making this vision a reality.

“The Sun Cable project is a gamechanger for the Territory and will further our reputation around the world as a place to do business and invest. Not only does it announce the Territory as a major world player for renewable energy exports, but also a future where clean, cheap, reliable energy creates local jobs in industries right across the Territory.”

The company will also conduct a detailed study to evaluate the integration of ASPL into the developing ASEAN power grid. The project’s construction phase is expected to provide 1,000 employment opportunities and 300 operational jobs.

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Prefabricated solar farm technology is expected to be produced in Darwin and Adelaide. Following this new development, the government and Sun Cable will now hold a discussion about a project development agreement (PDA).