New Zealand, BlackRock in $1.9b green energy deal
Wellington | New Zealand’s government has partnered with US investment firm BlackRock to supercharge its efforts to become one of the first countries in the world to reach 100 per cent renewable electricity.
The government and BlackRock have announced a $NZ2 billion ($1.9 billion) fund that will provide access to greater pools of capital for New Zealand businesses to accelerate investment in green energy such as solar, wind, green hydrogen and battery storage.
Bloomberg and AP
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