Sunnova Cleared To Sell Assets To Lenders In Ch. 11
By Alex Wittenberg · July 31, 2025, 2:11 PM EDT
Solar panel business Sunnova Energy International Inc. secured a Texas bankruptcy judge's blessing Thursday to sell almost all of its assets to a group of lenders for about $118 million....
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