Millions Of Dollars In Wages Owed! Another Photovoltaic Company Stops Production!

SolarZero, a New Zealand solar photovoltaic and energy storage installer, has entered the liquidation stage on November 26, local time.

According to a company statement, SolarZero announced the cessation of operations due to "unbearable operating losses and liquidity problems", and the company could not continue to maintain its current state. Therefore, it stopped operating in the afternoon of November 26.

SolarZero made it clear that the company's customers will not be affected. Before liquidation, Verofi served as an alternative service provider to ensure uninterrupted energy services to customers across the country.

According to information, SolarZero was founded in the 1970s and has become New Zealand's leading solar company. The company launched New Zealand's first solar subscription service and also used its proprietary smart battery and energy management platform to develop and operate what is said to be New Zealand's largest virtual power plant.

It is worth mentioning that according to the latest report from the New Zealand Herald, on November 29, local time, SolarZero employees took to the streets of Auckland to protest, demanding that the US private equity giant BlackRock pay their wages, nearly $4 million.