Far North Solar a ‘credible counterparty,’ says NZGIF
Government financier says it was aware of Commerce Commission warning and consumer complaints over related solar energy company.
From left: NZGIF CEO Sarah Minhinnick, Transpower GM Raewyn Moss, FNSF directors Richard Homewood and John Telfer.
Taxpayer-funded NZ Green Investment Finance says it “undertook detailed due diligence” before lending $78 million to a solar power company whose directors were warned for misleading conduct and making “unsubstantiated claims”.
On August 27, NZGIF announced it was providing a $78m facility to
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