https://www.stuff.co.nz/politics/360646172/government-wind-down-fund-invested-failed-solar-energy-company?cx_testId=48&cx_testVariant=cx_1&cx_artPos=5#cxrecs_s
In short $115 million on a failed investment by the previous Labour Government.
Let us hope that this Government is more savvy with our tax money.
Green Energy, net zero, etc projects have a good chance of failure.
On 9 Apr 2025 02:48:09 GMT, Gordon <Gordon@leaf.net.nz> wrote:And save close to 3 billion.
https://www.stuff.co.nz/politics/360646172/government-wind-down-fund-invested-failed-solar-energy-company?cx_testId=48&cx_testVariant=cx_1&cx_artPos=5#cxrecs_s
In short $115 million on a failed investment by the previous Labour >>Government.
Let us hope that this Government is more savvy with our tax money.
Green Energy, net zero, etc projects have a good chance of failure.
It is not clear whether this was a total loss of $115 million - it was
a loan and some may have been recovered.
There were also other investments - see: https://www.nzgif.co.nz/
It is clear that the current government are happy to just pay for
missing agreed targets - around $1 billion?
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