US-based Solaris Assets, LLC, backed by GoodFinch affiliates and DIP lenders, has completed the acquisition of Sunnova Energy International Inc.’s core assets and operations. The transaction was part of Sunnova’s chapter 11 process and was finalized through a court-supervised sale. Solaris acquired Sunnova’s residential solar servicing business, O&M platform, and solar generation and storage portfolio. Consideration included a credit bid of DIP financing, $25 million in cash, and payment of cure costs. Sunnova’s operations were transferred to SunStrong Management, LLC, a renewables asset manager. SunStrong’s role is to oversee customer, employee and partner transitions while ensuring continuity of services. The deal has preserved Sunnova’s workforce and customer base. This acquisition follows SunStrong’s 2024 purchase and management of legacy SunPower assets, strengthening its position in solar asset management.
Solaris acquired Sunnova assets & SunStrong took over operations in US
Sunnova assets and operations were acquired by Solaris Assets with GoodFinch support, while SunStrong Management assumed core operations under Sunnova’s restructuring.
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