Sunnova Energy's Chapter 11 bankruptcy plan confirmed by US court
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Sunnova Energy's Chapter 11 bankruptcy plan has been confirmed by a U.S. bankruptcy court following the sale of most of its assets to Solaris Assets. The company filed for bankruptcy in June due to rising debt and declining demand. The Bankruptcy Court for the Southern District of Texas approved the plan, which includes appointing a creditor trustee to manage the distribution of sale proceeds to creditors and oversee the closure of remaining operations.
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