SolarZero panels Photo: Supplied
A former employee of SolarZero says BlackRock, the US private equity firm, whose subsidiary fund put SolarZero into liquidation last week, needs to do right by employees and creditors.
SolarZero announced it was going into liquidation last Tuesday - when its major investor -- Blackrock owned GRP111 -- pulled the pin, blaming "unsustainable operating losses and liquidity constraints".
The liquidation has left 15,000 customers here with questions about the future of their installations.
Hundreds of employees are out of pocket, including contractors, and the Finance Minister is seeking urgent advice about the $115 million loaned by the crown-owned Green Investment Fund.
Blackrock is the world's largest asset manager - with NZ$19.6 trillion under management. Eric Pyle was director of public affairs and policy at SolarZero and is a former chief executive of the Wind Energy Association.
Nine to Noon has approached BlackRock and SolarZero's CEO Matt Ward for comment.
