Sunnova Receives Court Approval for Asset Sale to Secure Operations Under New Ownership

Sunnova Energy International Inc. has received approval from the U.S. Bankruptcy Court for the Southern District of Texas for its sale transaction, marking a significant milestone in its chapter 11 cases. The approved transaction involves the sale of substantially all of Sunnova's assets and business operations to an ad hoc group of debtor-in-possession lenders and GoodFinch Management, LLC. This sale is expected to secure long-term continuity for the majority of Sunnova's customers under new ownership and is anticipated to close in August 2025, subject to customary closing conditions. The transaction includes the sale of Sunnova's residential solar servicing and operations platform, as well as its solar generation and storage portfolio, in exchange for a credit bid and $25 million in cash. The restructuring does not impact Sunnova's existing agreements with ATLAS SP Partners. Stakeholders can access further information on Sunnova's chapter 11 process through the company's website and contact Kroll, the claims agent, for inquiries.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunnova Energy International Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250731335701) on July 31, 2025, and is solely responsible for the information contained therein.