Sunnova Energy International Inc., a leading provider of adaptive energy services, has announced a series of strategic initiatives aimed at strengthening its financial foundation and positioning the company for long-term success. As part of these efforts, Sunnova has appointed Robyn Liska as interim Chief Financial Officer, effective March 31, 2025. In this role, Liska will play a key role in shaping the company’s financial and operational strategy, working alongside Chief Executive Officer Paul Mathews.
With over 15 years of experience in the energy and renewables sector, Liska brings extensive expertise in financial leadership, capital markets, and energy policy. Her past roles include serving as an Executive Director in J.P. Morgan’s Power and Renewables Investment Banking division, a Director in Bank of America’s Energy and Clean Power Equity Capital Markets group, and an Associate Director in UBS’s Global Power & Renewables group. Having previously advised Sunnova on key financial transactions, her appointment is expected to enhance the company’s financial agility and strategic planning capabilities. She succeeds Eric M. Williams, who stepped down as Executive Vice President and Chief Financial Officer on March 30, 2025.
In addition to the appointment of Liska, Sunnova has promoted Alisha Leveston to Executive Vice President of Operations. Leveston, who will report directly to CEO Paul Mathews, previously served as Senior Vice President of Industrial Engineering and has held executive leadership roles at United Parcel Service, Inc. Her promotion is part of Sunnova’s broader effort to strengthen its leadership team and drive operational efficiency.
As part of its financial strategy, the company is actively engaged in discussions with key stakeholders regarding plans to reduce its debt and enhance financial flexibility. In connection with these discussions, Sunnova has elected to enter a 30-day grace period for the interest payment due on April 1, 2025, for its 11.75% Senior Notes due 2028, issued by its subsidiary, Sunnova Energy Corporation.
This decision provides the company with additional time to explore financial solutions without triggering an event of default under the indenture. Sunnova retains the right to make the interest payment within the grace period while continuing constructive discussions with its financial stakeholders. The company will evaluate its options based on the outcome of these discussions, considering whether to proceed with the payment or pursue alternative financial strategies.
Paul Mathews, Sunnova Chief Executive Officer, said in a statement, “Robyn has deep industry knowledge and a proven record of driving financial transformation. Her expertise will be invaluable as we continue to work to stabilize our foundation, sharpen our execution, and position Sunnova to succeed in today’s evolving solar energy market. I look forward to partnering closely with Robyn to build a stronger, leaner, and more agile Sunnova for the future.”
Liska stated, “This is a defining moment for Sunnova, and I’m honored to help lead the Company through its next chapter. There is important work to be done, and I’m proud to join a strong leadership team that is moving with clarity and purpose to enhance Sunnova’s financial position and lay a foundation for near-term cash generation and long-term value creation. I look forward to working closely with Paul, the Board, and the Sunnova team to deliver results with discipline, transparency, and purpose.”
To support these ongoing discussions and restructuring efforts, Sunnova has retained a team of experienced financial and legal advisors. Kirkland & Ellis LLP will serve as legal counsel, Alvarez & Marsal has been engaged as the financial advisor, and J.P. Morgan and Moelis & Company LLC will provide investment banking expertise. These firms bring deep knowledge in managing complex capital structures, liquidity strategies, and corporate transformations within the energy and infrastructure sectors. They will work closely with Sunnova’s management and Board of Directors to guide the company through this process.
The strategic actions announced today build on previous measures taken to align the business with current market conditions. These include the recent appointment of Paul Mathews as Chief Executive Officer on March 10, 2025, and the implementation of a $70 million cost reduction program aimed at improving financial efficiency. Sunnova remains committed to proactively managing costs and ensuring long-term sustainability.
With its strengthened leadership team, disciplined financial strategy, and focus on operational efficiency, Sunnova is positioning itself for a more stable and resilient future. The company remains dedicated to providing customers across the nation with affordable, reliable, and sustainable energy solutions while navigating this period of financial transition.
