Liquidator gives first glimpse of SolarZero's collapse

Employees were left stunned by the liquidation of SolarZero, they are owed $1.8 million. (Image: NZME)

Tue, 03 Dec 2024

The initial liquidators' report into SolarZero has confirmed the protections and securitisations put in place to protect customers are in place, but they also appear to have helped drag the company down after BlackRock's change of heart.The liquidators said there has been interest in buying part or all of the collapsed company, which owes almost $40 million to unsecured creditors, that appear to be largely intercompany loans.SolarZero was put into liquidation a week ago, and the directors said it was no longer sustainable.The company ha...

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