Sun power

Sunnova Energy International Inc. (Sunnova), one of the leading U.S. residential solar and storage service providers, and Len X, LLC (LENX), a technology focused subsidiary of Lennar Corporation (Lennar), one of the nation’s leading homebuilders, have entered into a definitive agreement under which Sunnova will acquire Lennar’s residential solar platform (SunStreet). In addition to Sunnova’s acquisition of SunStreet, Sunnova will become Lennar’s exclusive residential solar and storage service provider for new home communities with solar across the country.

“The sale of SunStreet to Sunnova underscores our longstanding focus on and strategy around technology and ESG investment in Lennar’s future,” said Stuart Miller, Executive Chairman of Lennar. “Lennar’s homebuilding expertise and volume coupled with Sunnova’s solar expertise and determination creates a winning combination to build best in class products for new homes.”