AMERICAS DISTRESS DAILY: Sunnova Energy Files for Bankruptcy

Sunnova Energy International, one of the largest US rooftop solar companies, filed for bankruptcy in Texas following struggles with mounting debt and diminishing sales prospects.

• Sunnova had been negotiating with creditors to fix its capital structure since March, when it issued a going concern warning and cited “stubbornly high interest rates, along with regulatory and political uncertainties” making consumers and capital providers more cautious.

In Other News:

• Solar Mosaic is is planning to file for bankruptcy due to market uncertainty over federal support of clean energy, as a new tax bill would end generous tax incentives for residential solar systems. ...