BlackRock writes down fund after SolarZero collapse

SolarZero staff and contractors protested the decision to place the company into liquidation. (Image: NZME)

Wed, 01 Jan 2025

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...

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