NZ green investment fund loans $50m for electric buses in its biggest deal yet

NZ green investment fund loans $50m for electric buses in its biggest deal yet
The $50m from NZGIF will go towards financing up to 167 electric buses. (Image: NZ Bus)
Greg Hurrell
New Zealand Green Investment Finance (NZGIF) has signed a $50 million deal with Kinetic, its biggest yet, to help finance electric buses.The $50m is part of a much larger finance package for Kinetic. That undisclosed sum is being raised by a syndicate of 12 institutions, including several Australian banks and other international institutions.The $50m from NZGIF will go towards financing up to 167 electric buses, rather than covering their entire cost.The electric buses will be used in several cities around NZ. According to NZGIF, an average die...

More Environment

NZ Post squeezed for $100m dividend
Policy Exclusive

NZ Post squeezed for $100m dividend

New shareholder says 'show me the money!'

Jem Traylen 15 Jul 2024
Rua Gold gets exploration green light
Markets

Rua Gold gets exploration green light

The company hopes to begin exploration drilling in Coromandel by the year's end.

John Anthony 27 May 2024
Coalition wants to double mining revenue within a decade
Primary Sector

Coalition wants to double mining revenue within a decade

The reform push includes clarifying where operations can take place on conservation land.

Ian Llewellyn 23 May 2024
EU-NZ FTA could boost offshore wind and clean energy investment
Infrastructure

EU-NZ FTA could boost offshore wind and clean energy investment

The EU FTA might help offshore wind, but more will be needed, Giacomo Caleffi argues.

Dileepa Fonseka 23 May 2024