Aug 4, 2026 – 6.09pmCreditors owed more than $200 million by a renewable energy retailer backed by former Rudd government climate adviser Ross Garnaut will be lucky to get 10¢ on the dollar, with most likely to receive nothing at all.Zen Energy’s administrator, McGrathNicol, told creditors the business had failed because its business model – buying renewable energy from wind, solar and battery projects on long-term contracts and selling it to large electricity users – had come unstuck amid volatile power markets.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Zen Energy creditors lucky to get 10¢ on the dollar after collapse
The renewable power retailer was backed by former Rudd government climate advisor Ross Garnaut and Simon Holmes a Court but failed owing more than $400 million.
TL;DRAI
Zen Energy collapses under $200M debt; creditors recover only 10¢ on the dollar. Long-term fixed-price renewable power contracts unraveled in volatile markets; cautionary signal for tech infrastructure teams relying on energy hedges.
103 words~1 min read
