News Releases

Baker Botts Represents Sunnova Energy International Inc. in Securitization of Residential Solar and Battery Loan Agreements


Deal Description: Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced today the closing of its seventh solar loan securitization and its thirteenth residential solar securitization.

The securitization includes $178.0 million in Asf/A- (sf) rated 5.00% notes and $49.7 million in BBB-sf/BBB- (sf) rated 6.00% notes with an Anticipated Repayment Date of August 20, 2029 and a final maturity of August 20, 2049.

The notes are backed by a diverse portfolio of 8,397 solar rooftop systems distributed across more than 21 states and territories.

Baker Botts L.L.P. represented Sunnova in the transaction.

For more information, please see Sunnova’s news release by clicking here.

Baker Botts Lawyers/Office Involved:

Corporate/Finance: Travis Wofford (Partner, Houston); Frank Schoen (Partner, New York); Thomas Blackwell (Associate, Houston); Chelsea Johnson (Associate, Houston); Hailey Ullmann (Associate, New York); Brendan LeMay (Law Clerk, New York); Jonathan Rasmusson (Law Clerk, San Francisco)

Tax: Michael Bresson (Partner, Houston); Peter Farrell (Special Counsel, Washington)

ERISA: Gail Stewart (Partner, Houston); Gabriela Alvarez (Associate, Houston)

Renewable Energy/Regulatory: Emil Barth (Partner, Washington)

Advisory: Danny David (Partner, Houston)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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