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 twelfth solar loan securitization and its eighteenth residential solar securitization.

The securitization includes $166 million in AA-sf rated 5.30% notes, $33.9 million in A-sf rated 6.00% notes, and $27.1 million in BBBsf rated 7.00% notes with an Anticipated Repayment Date of February 20, 2031, and a final maturity of February 20, 2051.

The notes are backed by a diverse portfolio of 6,978 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 8-K filing by clicking here.

Baker Botts Lawyers/Office Involved:

Corporate/Finance: Travis Wofford (Partner, Houston); Frank X. Schoen (Partner, New York); Jonathan Goldstein (Partner, New York); Caitlin Lawrence (Partner, Houston); Lyman Paden (Senior Counsel, Houston); Bishr Aljouni (Senior Associate, Washington); Thomas Blackwell (Associate, Houston); Ushma Mehta (Associate, Palo Alto); Sarah Dyer (Associate, Houston); Johnathan Walker (Associate, Houston); Eleana Kartali (Foreign Associate, Washington); Alyssa McCain (Associate, Houston); Cade Luedde (Associate, Houston); Madeline McCune (Associate, Houston); Blake Vick (Associate, Houston); Peter Frintzilas (Associate; New York); Shelby Ward (Law Clerk, New York); Richard Radbil (Paralegal, Austin)

Tax: Michael Bresson (Partner, Houston); Chuck Campbell (Special Counsel, Houston); Michael Kovacich (Associate, Houston)

ERISA: Robin Melman (Partner, New York); 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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