Sunnova Faces Critical Juncture as Federal Loan Guarantee is Revoked

The residential solar sector confronts mounting challenges as Sunnova Energy International Inc. finds itself navigating turbulent waters. The company’s position deteriorated further when the U.S. Department of Energy terminated a substantial $2.92 billion loan guarantee last Friday, dealing another significant setback to the already struggling solar provider.

This decision aligns with the Trump administration’s accelerated withdrawal from green energy initiatives. Since September 24, the Department of Energy has eliminated more than $13 billion in renewable energy funding, shifting focus instead toward traditional energy sources including oil, gas, coal, and nuclear power.

Sunnova’s current crisis deepens against the backdrop of its June 2025 Chapter 11 bankruptcy filing, which disclosed liabilities ranging between $10 billion and $50 billion. The situation intensified on September 3 when... Read more...