“Following an extensive investigation into the company’s financial position, governance records, financing arrangements and related transactions, we have concluded it is appropriate to commence proceedings,” she said.
If successful, any funds recovered would be allocated to stakeholders.
SolarZero was placed in voluntary liquidation in November 2024 after directors said “unsustainable operating losses and liquidity constraints” meant it could not continue trading.
At the time, the company had more than 160 employees and about 15,000 customers.
It had sold solar and battery systems through a no-upfront-cost, monthly “energy as a service” model.
The first liquidators’ report said most customer contracts and the associated…