US Giant BlackRock Buys New Zealand ‘Virtual Power Plant’ for $60 Million
BlackRock CEO Larry Fink speaks at a forum during the opening of the Clinton Global Initiative (CGI), a meeting of international leaders in New York City on Sept. 19, 2022. Spencer Platt/Getty Images
U.S. investment giant BlackRock will buy New Zealand rooftop solar company solarZero, for NZ$100 million (US$60 million) as part of its wider clean energy push into the Asia-Pacific region.
Founded in 2008, solarZero says it has built the region’s largest “virtual power plant” and installed systems on over 9,000 homes.
Daniel Y. Teng
Editor
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
