News Releases

Baker Botts Represents Sunnova Energy Corporation in $300,000,000 Equity Investment from Energy Capital Partners

Release
Deal Description: March 23, 2016 - Sunnova Energy Corporation (“Sunnova”) today announced it has secured $300 million in equity financing from Energy Capital Partners (“ECP”). Sunnova will use the funds to continue to grow its presence in the residential solar market. Sunnova partners with local installers to invest in assets to provide affordable solar power to homeowners while creating job opportunities nationwide. 

ECP, a private equity firm with over $13 billion of capital commitments, has experience building and acquiring successful platforms across multiple energy sub-sectors of North American energy infrastructure, including clean energy and environmental infrastructure assets. ECP’s total investment in Sunnova will secure it a majority ownership stake in Sunnova.

ECP joins existing investors Triangle Peak Partners, LP and Franklin Square Capital Partners LP, which is sub-advised by GSO Capital Partners LP. Baker Botts L.L.P. represented Sunnova in the transaction. Barclays Capital Inc. acted as Sunnova’s financial advisor and placement agent. 

Baker Botts Lawyers/Office Involved

Corporate: Travis Wofford (Senior Associate, Houston); David Pommerening (Partner, Washington); Josh Davidson (Partner, Houston); Sarah Dodson (Associate, Houston); Jennifer Gasser (Associate, Houston) 
Tax: Michael Bresson (Partner, Houston); Jon Nelsen (Partner, Austin); Bucky Brannen (Associate, Dallas) 
Employee Benefits: Rob Fowler (Partner, Houston); Stephanie Jeane (Associate, Washington)

For more information, please see Sunnova’s news release by clicking here

 

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology 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 bakerbotts.com.

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