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Disclaimer

Our mission as a company is to power energy independence, and we achieve this mission when we conduct ourselves ethically and transparently. To that end, we condemn all human rights abuses and the use of forced labor in the Xinjiang region and anywhere else in the world, and we stand committed to ensuring that all our vendors engage in ethical sourcing. We require transparency in our supply chain, and we work closely with our vendors to ensure they satisfy our vendor code of conduct." - John Berger, CEO of Sunnova

As a matter of ethical business practices and sourcing, Sunnova requires each company on its Approved Vendor List (“AVL”) to:

  • certify that they (and their suppliers) practice ethical sourcing;
  • certify that they do not engage in human rights abuses in the sourcing and manufacture of the products they sell to Sunnova; and
  • certify that they do not use labor or goods from Xinjiang in their supply chain.

Sunnova will also continue to engage its vendors in discussions and to review available data regarding forced labor in the Xinjiang region to ensure that its supply chain is free from human rights abuses.

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Green Financing Framework

Driven by the changing energy landscape, technology advancements, and demand for a cleaner, more sustainable future, at Sunnova we are proud to support the energy transition. Through energy services, we are working to accelerate our ESG impact and to create shared value for our customers, employees, communities, partners, and investors. Consistent with our commitment to sustainable business practices and advancing corporate social responsibility within the solar industry, Sunnova has developed a Green Financing Framework that guides the issuance of our green financings. Sunnova's Green Financing Framework outlines eligible use of proceeds, the process for project evaluation and selection, the management of proceeds, and reporting.

CICERO Shades of Green, a leading global provider of Second Opinions on green financings, has issued a Second Party Opinion on Sunnova's Green Financing Framework, and its alignment with the Green Bond Principles, as well as Sunnova’s environmental credentials.

To learn more about Sunnova's commitment to ESG, please click here to view our 2023 ESG Report. 

+Solar Loan Backed Notes 2021-B
  • Date: July 2021
  • Net proceeds initially available for allocation: $201MM
  • Top 3 locations with allocated funds: California, Puerto Rico and Texas
  • Total amount of residential customers with allocated funds: 7,417
  • Total amount of solar megawatts deployed: 57.4
  • Total amount of expected annual solar production (GWh): 80
  • Total amount of CO2e avoided (thousand metric tons): 57
  • Attestation Report 2021-B >>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+5.875% Senior Unsecured Notes
  • Date: August 2021
  • Net proceeds initially available for allocation: $386MM
  • Top 3 locations with allocated funds: California, Puerto Rico and New Jersey
  • Total amount of residential customers with allocated funds: 67,277
  • Total amount of solar megawatts deployed: 486.1
  • Total amount of expected annual solar production (GWh): 643
  • Total amount of CO2e avoided (thousand metric tons): 456
  • Attestation Report 5.875% Notes>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+Solar Loan Backed Notes 2021-C
  • Date: October 2021
  • Net proceeds initially available for allocation: $148MM
  • Top 3 locations with allocated funds: California, Puerto Rico and New Jersey
  • Total amount of residential customers with allocated funds: 4,730
  • Total amount of solar megawatts deployed: 40.9
  • Total amount of expected annual solar production (GWh): 55
  • Total amount of CO2e avoided (thousand metric tons): 39
  • Attestation Report 2021-C>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+SOLAR LOAN BACKED NOTES 2022-A
  • Date: February 2022
  • Net proceeds initially available for allocation: $280MM
  • Top 3 locations with allocated funds: California, Puerto Rico and New Jersey
  • Total amount of residential customers with allocated funds: 9,537
  • Total amount of solar megawatts deployed: 79.3
  • Total amount of expected annual solar production (GWh): 106
  • Total amount of CO2e avoided (thousand metric tons): 75
  • Attestation Report 2022-A>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+Distributed Generation Solar Securitization 2022-1
  • Date: June 2022
  • Net proceeds initially available for allocation: $325MM
  • Top 3 locations with allocated funds: California, Puerto Rico and New Jersey
  • Total amount of residential customers with allocated funds: 23,500
  • Total amount of solar megawatts deployed: 157.1
  • Total amount of expected annual solar production (GWh): 202
  • Total amount of CO2e avoided (thousand metric tons): 143
  • Attestation Report 2022-1>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+SOLAR LOAN BACKED NOTES 2022-B
  • Date: August 2022
  • Net proceeds initially available for allocation: $213MM
  • Top 3 locations with allocated funds: California, Puerto Rico and New Jersey
  • Total amount of residential customers with allocated funds: 8,350
  • Total amount of solar megawatts deployed: 68.2
  • Total amount of expected annual solar production (GWh): 92
  • Total amount of CO2e avoided (thousand metric tons): 65
  • Attestation Report 2022-B>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+Solar Loan Backed Notes 2022-C
  • Date: November 2022
  • Net proceeds initially available for allocation: $158MM
  • Top 3 locations with allocated funds: California, Puerto Rico and New Jersey
  • Total amount of residential customers with allocated funds: 8,602
  • Total amount of solar megawatts deployed: 71.0
  • Total amount of expected annual solar production (GWh): 93
  • Total amount of CO2e avoided (thousand metric tons): 66
  • Attestation Report 2022-C>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+Distributed Generation Solar Securitization 2023-1
  • Date: April 2023
  • Net proceeds initially available for allocation: $284MM
  • Top 3 locations with allocated funds: California, Puerto Rico and Connecticut
  • Total amount of residential customers with allocated funds: 28,908
  • Total amount of solar megawatts deployed: 185.7
  • Total amount of expected annual solar production (GWh): 241
  • Total amount of CO2e avoided (thousand metric tons): 171
  • Attestation Report 2023-1>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+Solar Loan Backed Notes 2023-A
  • Date: May 2023
  • Net proceeds initially available for allocation: $259MM
  • Top 3 locations with allocated funds: California, Puerto Rico and New Jersey
  • Total amount of residential customers with allocated funds: 10,630
  • Total amount of solar megawatts deployed: 92.0
  • Total amount of expected annual solar production (GWh): 118
  • Total amount of CO2e avoided (thousand metric tons): 83
  • Attestation Report 2023-A>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+Solar Loan Backed Notes 2023-B
  • Date: August 2023
  • Net proceeds initially available for allocation: $213MM
  • Top 3 locations with allocated funds: California, New Jersey and Pennsylvania
  • Total amount of residential customers with allocated funds: 7,796
  • Total amount of solar megawatts deployed: 71.5
  • Total amount of expected annual solar production (GWh): 85
  • Total amount of CO2e avoided (thousand metric tons): 60
  • Attestation Report 2023-B>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+11.750% Senior Unsecured Notes
  • Date: September 2023
  • Net proceeds initially available for allocation: $382MM
  • Top 3 locations with allocated funds: California, New Jersey and Pennsylvania
  • Total amount of residential customers with allocated funds: 5,265
  • Total amount of solar megawatts deployed: 52.3
  • Total amount of expected annual solar production (GWh): 62
  • Total amount of CO2e avoided (thousand metric tons): 44
  • Attestation Report 11.750% Notes>>

See the Attestation Report of Independent Accountants for further details and calculation methodology

+Solar Loan Backed Notes 2023-Grid1
  • Date: November 2023
  • Net proceeds initially available for allocation: $223MM
  • Top 3 locations with allocated funds: Puerto Rico, Texas and New Jersey
  • Total amount of residential customers with allocated funds: 7,979
  • Total amount of solar megawatts deployed: 71.0
  • Total amount of expected annual solar production (GWh): 89
  • Total amount of CO2e avoided (thousand metric tons): 63
  • Attestation Report 2023-GRID1>>

See the Attestation Report of Independent Accountants for further details and calculation methodology