solarcity and Westpac team up to win INFINZ award

Ryan Boyd
solarcity and Westpac team up to win INFINZ award

Westpac NZ’s collaboration with solarcity to make solar power more affordable and accessible to New Zealand homeowners has been celebrated, winning The Business Institutional Banking Innovation Award at the INFINZ awards last week.

“We’re thrilled Westpac NZ has been recognised for its innovation in developing the first Solar Energy Services Facility in New Zealand,” says solarcity CEO Andrew Booth.

“As a result, hundreds of homeowners have been able to go solar through our smart solarZero and solarZero+ energy services which eliminate the capital costs of the solar equipment and batteries, and can help them beat the rising price of power.

“Rather than buying a solar system and battery, which can cost around $23,500 for an average home, we offer Kiwi families an affordable way to buy clean solar energy, generated on their roof by solar panels that we own and manage.

“They simply pay a low, fixed monthly fee for our solarZero energy services that provide inflation-free solar energy and improved home energy efficiency for 20 years.”

SEE ALSO: solarcity: NZ’s first affordable solar battery service provider

More awards won

The innovation award was just one of three won on the night by Westpac. The others were:

  •     EY Debt Deal of the Year award for role as sole lead arranger on the Auckland Prison Public Private Partnership (PPP) deal
  •     Trustees Executors NZ Debt Market Issue of the Year award for role as Joint Lead Manager on Rabobank’s $400m 5 year Fixed Rate Notes

Karen Silk, Westpac NZ’s General Manager for Commercial, Corporate & Institutional said: “I’m incredibly proud of all the teams involved in bringing these deals together, and the industry clearly recognises the significant talent we have at Westpac.”

Check out the full list of 2016 INFINZ Award winners.

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