BlackRock Real Assets acquires New Zealand installer solarZero

Facebook
Twitter
LinkedIn
Reddit
Email
solarZero will be investing US$1 billion in solar and battery systems in New Zealand over the next decade. Image: BlackRock.

Private equity giant BlackRock Real Assets has acquired New Zealand solar and energy storage provider solarZero.

BlackRock’s Climate Infrastructure, a subsidiary of BlackRock Real Assets, will provide its expertise to the New Zealand installer to support its expansion both nationwide and into other Asia-Pacific markets.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Over the next decade, the installer will be investing US$1 billion in new solar and battery systems across New Zealand’s residential and commercial rooftop markets.

solarZero said it had built ‘the region’s largest’ virtual power plant (VPP) with its proprietary smart battery and energy management platform.

With a 40% market share in new residential rooftop solar installations in New Zealand, solarZero has nearly 9,000 residential customers generating 89GWh of solar energy and 48MWh of battery storage per year.

Charlie Reid, Asia-Pacific co-head of BlackRock’s Climate Infrastructure team, said: “Our move into New Zealand demonstrates BlackRock’s commitment to invest in attractive markets as part of our broader efforts to offer a flow of addressable global climate investment opportunities for our clients.”

BlackRock continues to increase its investments in renewables after it raised US$4.8 billion last year to fund renewable power generation projects across the globe. It also recently invested US$525 million in Indian energy giant Tata Power, which saw it acquire a 10.53% stake of the company.

Read Next

July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
July 4, 2025
Germany’s latest innovation tender has awarded 488MW of co-located capacity, with all the projects being solar PV tied with energy storage.
July 4, 2025
Australian retailer AGL Energy has confirmed its acquisition of South Australia’s Virtual Power Plant (SAVPP) from Tesla.
July 3, 2025
Malaysian engineering and infrastructure giant Gamuda has expanded its presence in the Australian renewables sector by partnering with Tasmanian landowners to build a 1.2GW portfolio, which includes solar PV.
July 2, 2025
The US Senate has narrowly passed – with a 51-50 vote and with vice-president JD Vance breaking the tie – the reconciliation bill yesterday (1 July) without the solar and wind excise tax.
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK