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Sunnova Blazes Trail for Solar With Debut Green Bond Issuance

Aug. 4, 2021, 3:20 PM

Sunnova Energy Corp., one of the biggest U.S. residential-solar companies, is selling sustainable bonds for the first time as more homeowners demand clean power.

The firm, a wholly-owned subsidiary of Sunnova Energy International Inc., is looking to raise $350 million in senior unsecured high-yield debt, according to a person with knowledge of the matter, who asked not to be identified as the details are private. The five-year sale is the first syndicated green corporate deal from a U.S. residential-solar provider, data compiled by Bloomberg show.

Bank of America Corp., JPMorgan Chase & Co., Goldman Sachs Group, Inc. and ...