Call for banks to think longer term to fund renewable energy

Call for banks to think longer term to fund renewable energy
John Campbell, Bill Murphy, Matt Ward and facilitator Terina Williams talk renewable energy investment. (Image: BusinessDesk)
Greg Hurrell
New Zealand’s short-term lending cycles have led to solar/battery company SolarZero turning to a French bank as its primary lender, chief executive Matt Ward says.Ward was speaking on one of two panels grappling with how to finance the renewable energy transition and a housing sector described by Bay of Plenty community-support enterprise BayTrust as “an unmitigated disaster”.The panels were part of ethical investment charity Mindful Money’s annual half-day conference in Auckland last Wednesday.SolarZero itself funds the...

More Property

Du Val properties on the block
Property

Du Val properties on the block

Selling the three development sites is the right step, statutory managers say.

Maria Slade 25 Oct 2024
Low interest rates bring property investors out of hibernation
Property

Low interest rates bring property investors out of hibernation

Residential property investors have come out of hibernation now that interest rates are comfortably off their peaks.Investors borrowed nearly $1.4 billion from banks in September – the largest sum for a month since November 2021, when the property market was red hot.Investors bor...

Staff reporters 25 Oct 2024
Seascape developer 'hasn't got the money'
Property

Seascape developer 'hasn't got the money'

Shundi is appealing the $34m award against it over the half-finished tower.

Maria Slade 25 Oct 2024
Winton chair defends Sunfield development
Property

Winton chair defends Sunfield development

Winton wants to develop the Sunfield masterplanned community at Takanini.

Gregor Thompson 25 Oct 2024