Solar 'barely profitable': Provider

Lightforce Solar installs domestic and commercial solar systems. (Image: Supplied)

Tue, 03 Dec 2024

Solar power systems provider SolarZero pulled the plug because it realised solar in New Zealand is a tough, barely profitable business, a rival company says.In a shock move, SolarZero’s shareholders placed the pioneer subscription service into liquidation last week.Global investment manager Black Rock bought the business two years ago, claiming it was a long-term investment.The venture drew down $115 million from the $365m solar fund provided by the government’s NZ Green Investment Fund (NZGIF) and other investors.However, there wer...

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