Solar Bankruptcies Show US Clean Energy Industry Is Teetering on the Brink
Homes with solar panel installations in Rocklin, California.
Photographer: David Paul Morris/BloombergThe US clean energy industry is starting to buckle under the weight of persistently elevated borrowing costs, President Donald Trump’s anti-renewables policies and high tariffs.
The latest domino to fall is residential solar company Sunnova Energy International Inc., which filed for bankruptcy early Monday. Its demise follows the Chapter 11 filing last week of Solar Mosaic LLC, one of the biggest lenders in the rooftop solar market.