27 Nov 2024

SolarZero enters liquidation

From Nine To Noon, 10:35 am on 27 November 2024
solar panels

Photo: LDR

Solar power company SolarZero has been put into liquidation, leaving some customers worried about the contracts they have signed with the company.

The company - which offers customers solar power systems with no upfront cost but an ongoing, multi-decade lease - said the directors had requested its shareholder appoint a liquidator.

It said directors had requested its senior lenders take enforcement action, and appoint another provider Verofi, to ensure power service for customers was not interrupted.

RNZ's Money correspondent Susan Edmunds explains what this means for customers.

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