Billionaire urges overhaul of collapsed $20b Australia-Asia solar project

Billionaire urges overhaul of collapsed $20b Australia-Asia solar project

Andrew Forrest, Australian billionaire and Chief Executive Officer of Fortescue Metals Group who has called for governments to ensure massive existing subsidies for fossil fuels do not undermine the drive for clean energy alternatives such as green hydrogen in London, Britain, October 25, 2021. REUTERS/Ben Makori

Iron ore magnate Andrew Forrest called on Thursday for an overhaul of a $20-billion-plus project to send solar power from Australia to Singapore, which collapsed after he and tech billionaire Mike Cannon-Brookes split over funding plans.