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 ninth solar loan securitization and its fifteenth residential solar securitization.

The securitization includes $174.9 million in AA-sf/AA- (sf) rated 5.30% notes, $80.1 million in A-sf/A- (sf) rated 5.60% notes, and $31.7 million in BBBsf/BBB (sf) rated 6.00% notes with an Anticipated Repayment Date of May 22, 2028, and a final maturity of May 20, 2050.

The notes are backed by a diverse portfolio of 10,519 solar rooftop systems distributed across more than 28 states and territories.

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

For more information, please see Sunnova’s 8-K filing by clicking here.

Baker Botts Lawyers/Office Involved:

Corporate/Finance: Travis Wofford (Partner, Houston); Frank Schoen (Partner, New York); Jonathan Goldstein (Partner, New York); Thomas Blackwell (Associate, Houston); Chelsea Johnson (Associate, Houston); Luis Pacheco Garcia (Associate, Houston); Johnathan Walker (Associate, Houston); Erica Hudson (Law Clerk, New York); Eleana Kartali (Law Clerk, New York)

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

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