Sunnova Energy Corporation’s Project Hestia, which recently received a $3 billion partial loan guarantee by the Loan Programs Office, was recognized by International Finance Review (IFR) in its IFR Awards 2023, in the publication’s Structured Finance Awards category.
February 6, 2024Sunnova Energy Corporation’s Project Hestia, which recently received a $3 billion partial loan guarantee by the U.S. Department of Energy (DOE) Loan Programs Office (LPO), was recognized by International Finance Review (IFR) in its IFR Awards 2023, in the publication’s Structured Finance Awards category.
Project Hestia will make distributed energy resources—including residential rooftop solar, battery storage, and virtual power plant-ready, consumer-facing software—available to more American homeowners.
The project is the single largest commitment ever made by the Federal Government to solar power and DOE’s first loan guarantee for a virtual power plant. Project Hestia will provide loans for clean energy systems for approximately 75,000 to 115,000 homeowners throughout the United States, including Puerto Rico—benefiting disadvantaged communities facing high energy burdens that would otherwise have difficulty accessing clean energy. LPO closed the partial loan guarantee in September 2023.
Read more about the project in the IFA Awards 2023 here.
Read more about Project Hestia here (leer en español).