Add-on Acquisition • Renewable Energy

Sunnova Acquires SunStreet

On April 1, 2021, Sunnova acquired renewable energy company SunStreet

Acquisition Context

This is Sunnova’s 1st transaction in the Renewable Energy sector.
This is Sunnova’s 1st transaction in the United States.
This is Sunnova’s 1st transaction in Texas.

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M&A Deal Summary
Date	April 1, 2021
Target	SunStreet
Sector	Renewable Energy
Buyer(s)	Sunnova
Deal Type	Add-on Acquisition

Target Company

SunStreet

Houston, Texas, United States

SunStreet is a residential solar and energy storage service provider. SunStreet brings state-of-the-art solar technology to every new home in our solar standard communities. SunStreet was founded in 2013 and is based in Houston, Texas.

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Buyer Overview 1

Buyer

Sunnova

Houston, Texas, United States

Category	Company
Founded	2012
Sector	Renewable Energy
Employees	1,796
Revenue	840M USD (2024)

DESCRIPTION

Sunnova is a residential solar and energy storage service provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable, and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted. Sunnova was founded in 2012 and is based in Houston, Texas.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Renewable Energy	1 of 1
Type: Add-on Acquisition	1 of 1
State: Texas	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1

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