Public Trust assumes ownership of two SolarZero companies to protect contracts and debt repayments

SolarZero liquidation came as a shock to almost everyone. (Image: NZME)

Mon, 02 Dec 2024

Public Trust assumed ownership of two companies associated with SolarZero immediately before its liquidation as part of efforts to protect households’ contracts and money lent via the New Zealand Green Investment Fund.Ownership of the two companies and Public’s Trust’s control of the two trusts involved in the arrangements partly explains why those involved keep saying the contract arrangements and loan payments will be honoured.Last Tuesday, it was announced that SolarZero directors had placed the pioneering company into shar...

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