Sunnova signs $3 billion virtual power plant loan agreement with DOE

Sunnova has entered into a $3 billion partial loan guarantee agreement with the DOE Loan Programs Office, equal to a 90% guarantee of up to $3.3 billion of term loans. This supports solar loans originated by Sunnova to make clean energy more accessible to disadvantaged homeowners and communities. The new solar loan channel is called “Project Hestia.”