The NZGIF Solar Finance solar loan programme is a simple and repeatable financing solution for solar energy.
NZGIF led the capital raise which attracted $90 million of private capital from First Sentier Investors and Natixis Investment Managers alongside our own investment of $80 million.
The Climate Bonds Initiative-certified solar loan will initially finance Aotearoa New Zealand’s largest residential PPA (Power Purchase Agreement) portfolio, managed by solarZero.
NZGIF Solar Finance is NZGIF's first private debt placement with international co-investors, and provides the long-term, fixed rate debt that is required to accelerate distributed solar in Aotearoa New Zealand.
The NZGIF Solar Finance programme is the first issuance by a New Zealand-based financial institution to secure Climate Bonds Initiative certification. This certification for climate-aligned debt instruments is awarded by the Climate Bonds Initiative following a science-based assessment of the programme’s sustainability attributes. The certification is used globally by bond issuers, governments, and investors to prioritise investments which genuinely contribute to addressing climate change.