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5 Jan 2025 12:31
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      Home > News > Business

    Another development in the collapse of SolarZero

    Another development in the collapse of SolarZero

    1 January 2025
    The New Zealand solar company was placed into liquidation in November, affecting more than 160 staff and thousands of customers.

    The chair of the Crown's Green Investment Finance Fund resigned, after being grilled by the Government over its decision to put 115-million dollars into the firm.

    Now, Business Desk is reporting the world's largest asset manager, BlackRock, is reportedly writing down the value of one of its flagship renewable funds, in part because of the collapse of SolarZero.

    The fund had acquired the company in 2022 for 110-million dollars.

    © 2025 Newstalk ZB, NZCity


     Other Business News
     05 Jan: After 50 years, the end seems nigh for the humble barcode, which is set to be gradually phased out, and replaced with a next-generation upgrade within two years
     04 Jan: Microsoft plans to invest around $US80 billion in the expansion of data centres for artificial intelligence (AI) during the current financial year
     04 Jan: Water Safety New Zealand says the country should be proud of a falling drowning rate
     04 Jan: The Reserve Bank remains on standby over summer, as the US prepares for a handover of power, and uncertainty continues in the Middle East and Ukraine
     03 Jan: Two people have died, and 18 others are injured after a small plane crashed into a commercial building, in southern California
     03 Jan: An expectation Maori businesses will continue to start up and expand
     03 Jan: An expectation for house prices to flat-line as 2025's predicted to be a year of cautious stability
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    BUSINESS BUSINESS
    After 50 years, the end seems nigh for the humble barcode, which is set to be gradually phased out, and replaced with a next-generation upgrade within two years More...


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