Sunnova Energy International Files for Bankruptcy Protection, Plans to Sell Assets

Residential installer Sunnova files for bankruptcy, plans to sell and wind-down operations

Difficult market conditions, including uncertainty created by the Trump administration, prevented the company from accessing needed capital, company officials said in the bankruptcy filings.

Sunnova and Mosaic bankruptcies highlight deepening rooftop solar woes

U.S. companies that install and finance residential solar have been struggling for years with rising interest rates and unfavorable policy shifts in California , the country’s biggest rooftop solar market. Now, they face an even more serious threat — Republicans in Congress, who have proposed to take away the tax…

Major US Solar Company Files for Bankruptcy Protection

Sunnova Energy International Inc., one of the biggest solar companies in the United States, filed for Chapter 11 relief to facilitate a sale process for some of the business’s assets and operations, according to a June 9 statement from the company. Founded in 2012, Houston-based Sunnova has more than 2,000 dealers serving roughly 441,000 customers across the 51 states and territories of the United States. Its main products are solar panels and b…

sunnova energy files for chapter 11 bankruptcy protection

Trump Administration Cancels $2.92 Billion Loan Awarded to Solar Firm Sunnova

The Trump administration has canceled a partial loan guarantee of $2.92 billion that had been awarded to troubled residential solar panel installer Sunnova Energy, as part of its review of government financing for alternative energy. The Department of Energy (DOE) had ‘de-obligated’ the loan guarantee, which means that the federal government is not responsible for the financing. Sunnova is restructuring its debt and has warned that it may not be…

Green Energy Fail: Solar Power Company Sunnova Files for Bankruptcy