Genesis interested in buying SolarZero, but there are caveats

Genesis boss Malcolm Johns said Genesis was interested in the beleaguered solar company. (Image: NZME)

Mon, 24 Feb 2025

New Zealand Exchange-listed Genesis Energy is interested in buying the liquidated SolarZero company, but its complicated commercial structure would have to be sorted before serious consideration could be given, says its chief executive, Malcolm Johns.SolarZero was put into liquidation last November after owner BlackRock pulled the plug on the startup that pioneered the solar subscription model in NZ. The multinational fund manager said it could no longer sustain the needed investment. In 2022, it bought 100% of SolarZero for $110 million,...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Law & Regulation

James Wallace is 'low risk, but not no risk' of reoffending

Why James Wallace remains under strict release conditions.

Garth Bray 1:00pm

Policy

NZ's space sector revenue grows over 50% in five years

Advanced aviation is also a growing sector, according to a new industry survey.

Greg Hurrell 12:45pm

NZ's space sector revenue grows over 50% in five years

World

UK makes deal with US

Both countries hailing this as a good outcome show how much the landscape has shifted.

The Wall Street Journal 12:00pm

Sponsored

Ready for the C-Suite leap?

Part-time programme. Full-time leadership transformation.

University of Auckland Business School

Sponsored

Active beats passive in tough times

Agile investing responds faster to market shocks and shifts.

Milford

More Markets

Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on.

Staff reporters 2:12pm

Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Staff reporters 11:58am