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

Govt’s green fund raises $170m debt for solar power
Rooftop solar is becoming affordable through new business models. (Image: solarZero)
Pattrick Smellie
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...

More Finance

PEP seeking payday from UP Education
Finance

PEP seeking payday from UP Education

UP Education is a NZ success story in Australia.

FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.