BlackRock writes down fund after SolarZero collapse

BlackRock writes down fund after SolarZero collapse
SolarZero staff and contractors protested the decision to place the company into liquidation. (Image: NZME)
Staff reporters
Global asset manager BlackRock has reportedly written down the value of one of its flagship renewable funds, in part because of the collapse of SolarZero.BlackRock investment fund GRP III Regional Holdings acquired the pioneering New Zealand solar company in 2022 for $110 million.It was tipped into liquidation in November.“The directors have advised company employees that due to unsustainable operating losses and liquidity constraints, the business is unable to continue trading in its current form,” SolarZero said at the time.Furthe...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025