Reported about 1 month ago
Sunnova Energy has filed for Chapter 11 bankruptcy in the U.S. due to overwhelming debt and declining demand for residential solar panels. The company reported assets and liabilities between $10 billion to $50 billion, alongside a total debt of $10.67 billion. The filing follows significant layoffs and is part of broader challenges facing the U.S. solar energy sector, compounded by rising interest rates and reduced government incentives.
Source: YAHOO