Solar power: govt fund gives $40m in financing

More money for commercial scale solar. (Image: supplied)

Mon, 15 Nov 2021

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...

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