SolarZero Limited, New Zealand’s biggest solar energy company, has announced its liquidation, citing unsustainable operating losses and liquidity constraints.
The company, founded in the 1970s and recognised for its pioneering role in renewable energy, ceased operations from 4pm on Tuesday.
The directors of SolarZero said the decision came after extensive efforts to explore restructuring options. “Regretfully, SolarZero and its key stakeholders were unable to find a viable solution to sustain the business. This is a tough day for SolarZero teams, who have worked hard to build a more sustainable New Zealand. Today’s decision is not a reflection on their work or commitment.”
Ahead of the liquidation, the company’s senior lenders…
