Govt’s green fund raises $170m debt for solar power

Rooftop solar is becoming affordable through new business models. (Image: solarZero)

Tue, 19 Sep 2023

BlackRock-owned New Zealand solar power company solarZero is the target for the largest-ever investment to be made by the government’s NZ Green Investment Fund.NZGIF is placing $80 million of its capital alongside $90m from two international investors, Sydney-based First Sentier Investors and Paris-headquartered global funds manager Natixis, to create a new investment-grade class of certified lending for solar electricity installations.The whole $170m raised will allow Auckland-based solarZero to refinance existing debt, with a view to fu...

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