Sunnova Seeks OK For $7M In Ch. 11 Sale Incentives To Execs

By Yun Park · July 15, 2025, 3:05 PM EDT

Bankrupt solar panel giant Sunnova has asked a Texas bankruptcy court for permission to pay up to $7 million in cash incentives to its top executives, contingent on securing higher sale proceeds...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

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

View Full Scorecard

Documents

Related Sections

Case Information

Case Title

Sunnova Energy International Inc.

Case Number

4:25-bk-90160

Court

Texas Southern

Nature of Suit

Date Filed

June 08, 2025

Recent Articles By Yun