New Zealand Green Investment Finance shares Ministers' concerns with SolarZero liquidation
6 Dec 2024
 |
| PHOTO: SolarZero |
Yesterday representatives of New Zealand Green Investment Finance (NZGIF) met with its Shareholding Ministers to discuss matters relating to the voluntary liquidation of SolarZero.
"Our Shareholding Ministers rightly have questions about how this all happened, and so do we. The change in stance from SolarZero’s owner BlackRock came as a surprise to NZGIF and other lenders, and indeed appears to have caught SolarZero’s CEO off guard given recent public comments," says NZGIF Chair Cecilia Tarrant.
"We are extremely frustrated by this outcome. NZGIF and other international lenders worked to support the growth of this business. BlackRock has not explained its sudden change in stance toward this company, which has severely impacted its staff, suppliers, contractors and partners."
print this story
New invention cleans up greenhouse gases
Mon 1 Dec 2025
Media release: University of Auckland | A new device that removes greenhouse gases released during surgery has been successfully trialled at an Auckland hospital.
Too much credit: No connection between carbon markets and climate ambition, study finds
Mon 1 Dec 2025
Media release: Carbon Market Watch | Our latest research undermines a prevalent greenwishing hypothesis that corporate investments in the voluntary carbon market boost or reflect a company’s climate ambition.
Study provides a step-change in understanding NZ’s groundwater
Fri 28 Nov 2025
Media release | Earth Sciences New Zealand has developed a world-first National Groundwater Age Map and a powerful suite of tools to support the sustainable management of our hidden groundwater resources, from national through to local scales.
Councils call for action on sweltering new homes
Wed 26 Nov 2025
Media release | The New Zealand Green Building Council and Auckland Council are calling for Building and Construction Minister Chris Penk to take steps to address the problem of new homes overheating.
COP30: Summary and what it means for New Zealand
25 Nov 2025
Media release: Lawyers for Climate Action NZ | COP30 wrapped up over the weekend - the first COP since the International Court of Justice (ICJ) released its landmark Advisory Opinion on states’ obligations on climate change.
Simon Watts was right about Pacific climate support at COP30, now we must deliver
25 Nov 2025
Media release: Oxfam Aotearoa | At COP30 in Brazil, New Zealand has joined other higher-income countries in reaffirming their pledge to triple climate funding for lower-income countries by 2035.
Insurers welcome govt decision to keep NHC levy unchanged
21 Nov 2025
Media release |The Insurance Council of New Zealand | Te Kāhui Inihua o Aotearoa (ICNZ) has welcomed the Government’s decision to leave the Natural Hazards Commission levy unchanged, amid ongoing concerns around the cost-of-living.
New carbon calculator helps Kiwirail customers make sustainable choices
21 Nov 2025
Media release | KiwiRail has launched a carbon calculator to meet increasing demand from customers wanting to compare carbon emissions from rail, road and air.
NZ and Iceland collaborate on geothermal energy
20 Nov 2025
Media release: New Zealand Government | New Zealand and Iceland today signed an agreement to deepen cooperation on geothermal energy development.
Climate Leaders Coalition launches next chapter
20 Nov 2025
Media release: Sustainable Business Council | The Climate Leaders Coalition (CLC) is this morning unveiling a new Statement of Ambition and refreshed Strategy, marking the next step in business-led climate action in New Zealand – just as COP30 concludes in Belém.
