Government shareholding ministers are meeting with NZGIF leadership this week to ensure the protection of $115 million in taxpayer funds loaned to SolarZero. The Prime Minister acknowledges NZGIF’s significant capital commitment to SolarZero, which operates independently from the government. The meeting aims to confirm that all necessary measures are being taken to safeguard the investment in the renewables company.
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Cyclone Tam live updates: Storm to worsen in coming hours, trees toppled, roads closed
Ex-tropical Cyclone Tam has begun impacting the country, resulting in sunken yachts, power outages for around a thousand homes, and severe winds causing tree falls. Forecasters indicate that the storm is intensifying as it approaches, with a dozen severe weather warnings and watches issued across the North Island, predicting up to 200mm of rain and winds reaching 120km/h. The worst conditions are expected to hit Northland and Auckland around 7pm, continuing into the following evening,...
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