Zen Energy, the pioneering Australian renewable energy retailer founded by prominent economist and climate advocate Ross Garnaut, has officially entered voluntary administration. The collapse was confirmed following a formal notice of application for a winding-up order received by the Australian Securities and Investments Commission (ASIC), marking a significant casualty in the increasingly volatile green energy sector.
The downfall of a company previously championed as a vital architect of Australia’s transition away from fossil fuels exposes deep structural vulnerabilities within the renewable market. As global governments push aggressive decarbonization targets, the financial realities of scaling green infrastructure in…