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Not really? The company behind this, SunCable, has some history:

https://www.reuters.com/business/energy/billionaire-cannon-b...

https://www.abc.net.au/news/2023-01-11/sun-cable-enters-admi...

I guess MCB found a way to make it work pending future investment that may not occur until 2027: https://www.abc.net.au/news/2024-08-21/suncable-receives-env...

> The approval paves the way for the next phase of development to deliver industrial-scale electricity to customers. But it still has some way to go, with a final investment decision not expected until 2027.

and

> However, SunCable still needs to negotiate Indigenous land use agreements with a number of different traditional owner groups along the transmission line route to Darwin.




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