In August the Herald reported SolarZero, which was sold to US private equity giant BlackRock, said it had “pioneered a new financing model” to expand its debt funding to $195 million.
Its chief financial officer James Allard said French bank Societe Generale provided $130m of the $195m, and Crown-backed NZ Green Investment Fund (NZGIF) – a ‘green investment bank’ that lends money to environmentally-friendly firms – provided the balance under its Solar Finance programme.
The NZGIF told the Herald it had been informed of the voluntary liquidation on Tuesday.
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“NZGIF provided lending to enable the installation of solar panels and battery systems by SolarZero,” a spokesperson said.
“NZGIF is…
