Solar power provider SolarZero has ceased operations and entered liquidation due to unsustainable operating losses and liquidity challenges.
The company, owned by BlackRock Group’s GRP III Regional Holdings Ltd, offered solar systems with no upfront cost but multi-decade leases.
Liquidators from Grant Thornton have been appointed, and Verofi has been tasked with ensuring uninterrupted power services for customers. Despite efforts to restructure, no viable solution was found, impacting SolarZero’s 160 employees across New Zealand.
Image credit: Chirayu Trivedi
