Solar power: govt fund gives $40m in financing

Solar power: govt fund gives $40m in financing
More money for commercial scale solar. (Image: supplied)
Ian Llewellyn
Commercial-scale solar is getting another financial boost with the New Zealand Green Investment fund offering $40 million in financing to solarZero.The government-owned investment vehicle NZGIF is providing a senior debt facility to solarZero to finance Power Purchase Agreements (PPAs) for solar installations on commercial buildings.The investment includes a $10m facility to finance solar installations and up to $30 million in additional funds held in reserve to scale up the facility, enabling the deployment of up to 40MW of solar generation ov...

More Energy

Lines companies to get more power to remove trees
Energy

Lines companies to get more power to remove trees

Balancing the right to power with property rights is at the heart of the changes.

Ian Llewellyn 29 Apr 2025
TAG Oil sells more NZ assets
Energy

TAG Oil sells more NZ assets

TAG stopped operating in NZ in 2019.

John Anthony 24 Apr 2025
Energy uncertainty and costs banding businesses together
Energy

Energy uncertainty and costs banding businesses together

There is new interest in power purchase agreements.

Ian Llewellyn 24 Apr 2025
Transpower cautious over hydro lake level rule changes
Markets

Transpower cautious over hydro lake level rule changes

Transpower can authorise hydro lakes to dip further.

Ian Llewellyn 23 Apr 2025