Trump Admin Slashes Biden’s $3 Billion Loan Guarantee to Ailing Solar Company

Taiwan

The Department of Energy cut a Biden administration loan guarantee to Sunnova Energy, a politically connected solar panel company, from $3 billion to $371 million, financial disclosure records show. Sunnova, which has fended off bankruptcy since March, said it reached a deal with the Trump administration to cancel the unspent balance of the loan guarantee because it is unable to use the rest of the money, according to a Thursday Securities and Exchange Commission filing . The company said it