Sunnova Energy Emerges from Bankruptcy with Asset Sale Finalized

Court Approval and Preceding Strategic Moves

Sunnova Energy has successfully concluded the sale of substantially all its operational assets to Solaris Assets, LLC and its affiliated entities. This transaction, which received final court approval, effectively concludes the company’s Chapter 11 bankruptcy process initiated on June 8, 2025, and is designed to ensure the long-term viability of its residential solar operations under new ownership.

The comprehensive asset transfer includes Sunnova?s entire portfolio of solar energy systems, storage solutions, and its proprietary platform for maintenance and customer service. In exchange, the acquiring consortium provided a credit bid for the existing debtor-in-possession financing, committed an additional $25 million in cash, and agreed to cover specific transaction-related liabilities.