Solaris Completes Acquisition of Sunnova to Secure Long-Term Continuity of Operations and Solar Asset Management
4 Articles
4 Articles
Solaris acquires Sunnova assets, puts SunStrong in control of legacy systems
SunStrong said it is now among the largest residential solar asset managers now that it is in charge of Sunnova's assets and operations.An ad hoc group of buyers acquired most of Sunnova’s assets and business operations, and then placed SunPower-affiliate SunStrong in charge of the significantly debt-burdened company’s legacy portfolio. Sunnova had a stalking-horse agreement to sell its platform ServiceCo for $7 million cash to Omnidian, a resid…
Acquisitions now complete: SunStrong in charge of legacy Sunnova systems
New name Solaris Assets has completed the acquisition of assets and business operations of Sunnova Energy. Solaris Assets is the entity formed by GoodFinch Management. Sunnova filed for bankruptcy in June. Solaris is now in control of Sunnova’s residential solar servicing and O&M platform and Sunnova’s solar and storage portfolio. Core operations are transitioning to… The post Acquisitions now complete: SunStrong in charge of legacy Sunnova syst…
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