Another development in the collapse of SolarZero

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.