Government scraps NZ Green Investment Finance

NZGIF was heavily exposed to collapsed company SolarZero. (Image: NZME)

Tue, 08 Apr 2025

Climate Change Minister Simon Watts announced on April 8 that the Government will wind down New Zealand Green Investment Finance’s portfolio and stop making new investments.He cited poor results for the money NZ Green Investment Finance (NZGIF) had invested.NZGIF was incorporated in 2019 and has acted as a green finance accelerator. It loaned $145 million to Solarzero, which has since collapsed. The company said in December that it had no inkling SolarZero’s owner, BlackRock, had changed its mind about its viability.T...

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