Atlassian co-founder Mike Cannon-Brookes and his investment partners have emerged as the owners Sun Cable after a near six-month sales process following the collapse of the company behind a vast solar energy project.

Sun Cable, which intends to construct a large solar plant in Australia’s north before shipping power to Singapore using an undersea cable, fell into administration in January after Mr Cannon-Brookes fell out with the company’s other major shareholder, Fortescue Metals chairman Andrew Forrest.