Financial Restructuring | Sunnova
Financial Restructuring| Sunnova
The residential solar company has been in a downturn for more than a year, with earnings misses, layoffs, changes in leadership and cancellation of a $3 billion loan guarantee.| pv magazine USA
The loan agreement from the Energy Department's Loan Programs Office was to support Project Hestia, a model that Sunnova has since moved away from in favor of power purchase agreements.| pv magazine USA
Paul Mathews named as president and CEO of this struggling residential solar energy company, as it repositions to improve cash flow.| pv magazine USA
Amid a down cycle for the industry, residential solar and home adaptive services company said it is prioritizing efficiency and higher cash generation.| pv magazine USA
The agreement will advance Project Hestia, a low-income distributed clean energy program.| pv magazine USA
The company narrowed its first quarter loss to $24 million, an improvement from a year earlier and driven by lower interest expenses.| pv magazine USA
The Brattle Group analyzed a gigawatt-hour virtual power plant test that may be the world’s largest as part of its review of California’s distributed peak-shaving program.| pv magazine USA
The website from which you got to this page is protected by Cloudflare. Email addresses on that page have been hidden in order to keep them from being accessed by malicious bots. You must enable Javascript in your browser in order to decode the e-mail address.| pv-magazine-usa.com
Sunnova Energy International, a residential solar installer, said its cash flow is not sufficient to meet obligations and fund operations.| pv magazine USA
The troubled residential solar installer issued a going concern warning earlier this month.| pv magazine USA
