Puerto Rico’s solar installers are closely watching how bankrupt Sunnova Energy International Inc. and any asset buyer will handle millions in government reimbursements for installing panels in vulnerable communities.
The solar firm has relied on local dealers to sell and install solar panels in Puerto Rican homes under a $281 million agreement with the US Department of Energy announced in 2023. Although the DOE reimbursements represent just a small slice of the billions of dollars in total debt Sunnova owes creditors, those obligations to local companies illustrate the far-ranging impact of its Chapter 11.
Sunnova temporarily lost access to the ...
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