SolarZero hits a big BlackRock

BlackRock executives gave the then Labour Government a great photo opp at its fund launch in August 2023. (Image: NZME)

Wed, 27 Nov 2024

What to make of the sudden, surprise announcement last night that global investment fund BlackRock has forced the liquidation of rooftop solar electricity firm SolarZero?So far, no one is talking in any detail about why this has happened beyond a statement from SolarZero directors that “unsustainable operating losses and liquidity constraints” had forced their hand.But hang on.Liquidity constraints? BlackRock is the world’s largest asset manager, with US$11.5 trillion ($19.6t) of funds under management – just shy of 80 t...

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