The Taxpayers’ Union has criticised the Govenment’s investment loss in SolarZero, a solar energy company that went into liquidation calling it a “disgraceful waste.”
The investment was made by the Crown-owned New Zealand Green Investment Finance (NZGIF), a fund established in 2019 under the Labour-led government of Prime Minister Jacinda Ardern to support low-emission projects.
Taxpayers’ Union spokesman James Ross said the government’s approach to public spending is flawed.
“When the government tries to gamble with taxpayers’ money, private companies line their pockets and taxpayers get the risk. Government picking winners doesn’t work,” he said.
SolarZero’s most recent government-backed funding came in July 2024,…
