Sunnova Energy Completes Chapter 11 Restructuring with Asset Sale and Operational Shift

The restructuring journey for residential solar provider Sunnova Energy International Inc. has reached its conclusion through a court-supervised sale process. The company, which filed for Chapter 11 bankruptcy protection on June 8, 2025, has undergone a fundamental transformation, culminating in a complete change of ownership and a new operational direction.

Sunnova cited intense financial strain from substantial debt obligations and broader industry challenges as the primary reasons for its bankruptcy filing. At the time of the petition, the company reported liabilities estimated between $10 billion and $50 billion, with funded debt reaching approximately $8.9 billion.

The U.S. bankruptcy court approved the sale of substantially all company assets on July 31, 2025, following a competitive bidding process. The transaction was finalized on September 3, 2025, with Solaris Assets,... Read more...