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Sunnova Can Tap Loan, Sell More Assets To Finance Ch. 11

By Clara Geoghegan · June 12, 2025, 6:29 PM EDT

Residential solar panel group Sunnova Energy received a Texas bankruptcy judge's interim approval Thursday for a debtor-in-possession loan and an asset sale, freeing up another $31 million to fund its Chapter...

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Bankruptcy Scorecard

Summary

Houston-based Sunnova filed for Chapter 11 protection, saying high inflation, elevated interest rates and an industry downturn ate away at its working capital. Those struggles caused the firm to fall behind on $367 million in payments to its contractors, which find customers and oversee the installation of Sunnova's solar panel systems at their homes.

Case Number

4:25-bk-90160

Judge

Alfredo R. Perez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

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