NZ Green Investment Fund unravels after SolarZero collapse

SolarZero was the fund’s flagship investment. (Image: NZME)

Mon, 03 Nov 2025

The New Zealand Green Investment Fund recorded a $116.4 million deficit in the 2024/25 financial year, driven largely by a $113.3m impairment on its SolarZero assets, as it unwinds its investment.At its height, the fund managed close to two dozen active investments and more than $470m in committed capital, spanning electric transport, process heat, solar energy, biogas, and methane reduction projects.Today, just two small technology stakes remain. A dramatic comedown for what was once the Government’s flagship green-finance fund.NZGIF&rsq...

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