Reported 2 days ago
The Trump administration has rescinded a $2.92 billion partial loan guarantee to Sunnova Energy, a residential solar panel installer, as the company faces debt restructuring and financial challenges. Initially announced under the Biden administration to support solar installations for low-income homeowners, Sunnova has opted not to utilize this funding due to rising financing costs. The Department of Energy's review of alternative energy financing continues amidst broader shifts in government energy policy.
Source: YAHOO