American investment giant BlackRock has agreed to acquire New Zealand’s leading solar energy services company, SolarZero, a month after announcing the purchase of Australian battery storage developer Akaysha Energy.
BlackRock Real Assets will acquire SolarZero for an undisclosed amount, but has committed to spending more than $NZ100 million over the next three years to accelerate the growth of SolarZero’s solar and battery technology platform.
SolarZero started out as a solar thermal company in the 1970s, and its present incarnation was established in 2008, since when has built itself up to become a leading provider of rooftop solar and smart battery storage systems across New Zealand’s residential, commercial, and community buildings.
It bills itself as a “solar-as-a-service” option, and offers a fixed monthly solar services fee and no upfront installation…
BlackRock adds to clean energy portfolio with NZ solar and battery storage company
