SolarZero never profitable, say liquidators
Failed solar energy systems supplier owes unsecured creditors $39.1m.
Liquidators say SolarZero owner BlackRock pumped an additional $147.8m into the company for no return.
Liquidators say the SolarZero group of companies was never profitable and swallowed $147.8 million of additional investment from BlackRock’s infrastructure fund before its owner decided to pull the plug.
Solar panel supplier SolarZero Ltd, its four subsidiaries, and immediate parent company were
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