Thursday, 20 May 2021, 2:19 pm
New Zealand Green Investment Finance (NZGIF) has received
an additional $300 million in investment capital, increasing
its total pool of investment capital to $400
million.
As one of a global network of green
investment banks, NZGIF is focused on identifying investment
opportunities that help drive the decarbonisation of New
Zealand’s economy. By investing its capital on a
commercial basis, it demonstrates and promotes the benefits
of green investment to the private sector, with a view to
attracting private capital to low carbon co-investment
opportunities over time to grow overall investment in
decarbonisation.
NZGIF has a long-term mission,
recognising the scale of the challenge of attracting capital
New Zealand Green Investment Finance Invests In SolarZero To Accelerate The Growth Of Solar And Battery Deployment
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Business Scoop » New Zealand Green Investment Finance Invests In SolarZero To Accelerate The Growth Of Solar And Battery Deployment
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New Zealand Green Investment Finance CEO says IoT sector will grow.
New Zealand Green Investment Finance, an investment bank established by the Crown to accelerate green business, has invested $1.1 million in Australian IoT device maker Thinxtra.
The NZGIF was set up in December 2018 with initial capital of $100 million, and operates as an independent limited liability company.
Chief executive Craig Weise said the Internet of Things (IoT) as a sector would grow in New Zealand and Thinxtra was well positioned to benefit as a result.
“Thinxtra’s technology is a key component of the wider IoT system and has significant potential emissions reductions using low cost, low energy devices and an
About half the $100m allocated to NZ Green Investment Finance has been invested so far.
The government is considering increasing its investment in New Zealand Green Investment Finance, with the fund having committed about half of its initial startup capital of $100 million.
So far, the green investment fund has announced one loan and three investments worth $24.6 million but two more investments are due to be announced in the next couple of weeks. It is likely those two new investments, one of which will be in distributed energy, will be worth about $25m.
NZGIF chief executive Craig Weise said about half of the $100m was now committed.