Govt's NZGIF ‘green bank’ was losing money, underperforming

SolarZero staff protest after the NZGIF-backed firm went into liquidation late last year. (Image: NZME)

Tue, 24 Jun 2025

New Zealand Green Investment Finance was making losses and failing to attract new capital into climate change-related investments at rates achieved by international peers, according to a government-ordered strategic review.The agency, now being disestablished, brokered the ill-fated consortium of international lenders supporting expansion of rooftop solar installations through failed installer SolarZero. Heavily redacted officials’ reports deriving from the review have been released to BusinessDesk under the Official Information Act...

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