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 eighth solar loan securitization and its fourteenth residential solar securitization.

The securitization includes $103.4 million in AA- sf/AA- (sf) rated 5.30% notes, $80.6 million in Asf/A- (sf) rated 5.60% notes, and $51.7 million in BBB-sf/BBB- (sf) rated 6.00% notes with an Anticipated Repayment Date of November 22, 2027, and a final maturity of November 22, 2049.

The notes are backed by a diverse portfolio of 8,870 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); Brendan LeMay (Associate, New York); Luis Pacheco Garcia (Associate, Houston); Eleana Kartali (Law Clerk, New York); Jonathan Rasmusson (Law Clerk, San Francisco); Jonathan Walker (Law Clerk, Houston)

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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