Solar power: govt fund gives $40m in financing

Solar power: govt fund gives $40m in financing
More money for commercial scale solar. (Image: supplied)
Ian Llewellyn
Commercial-scale solar is getting another financial boost with the New Zealand Green Investment fund offering $40 million in financing to solarZero.The government-owned investment vehicle NZGIF is providing a senior debt facility to solarZero to finance Power Purchase Agreements (PPAs) for solar installations on commercial buildings.The investment includes a $10m facility to finance solar installations and up to $30 million in additional funds held in reserve to scale up the facility, enabling the deployment of up to 40MW of solar generation ov...

More Energy

Gas sector needs charm not intervention says Shane Jones
Energy

Gas sector needs charm not intervention says Shane Jones

Jones rules out govt importing LNG or a deal with Methanex.

Ian Llewellyn 28 Mar 2024
Marsden Point – it's not coming back
Economy

Pattrick Smellie: Marsden Point – it's not coming back

The Marsden Point refinery is gone. Get over it.

Pattrick Smellie 21 Mar 2024
Offshore wind on the rise in NZ say promoters
Energy

Offshore wind on the rise in NZ say promoters

We will look to the sea as landscapes fill with turbines.

Ian Llewellyn 20 Mar 2024
The rise of solar power needs financing
Infrastructure

The rise of solar power needs financing

More household solar would drive electrification.

Ian Llewellyn 19 Mar 2024