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Solar Company Backs Federal Aid for Oil Drillers Facing Collapse


These translations are done via Google Translate

By Brian Eckhouse and Naureen S. Malik

(Bloomberg) One of America’s biggest rooftop-solar companies supports a potential relief package for an unlikely group: oil producers clobbered this week by collapsing prices.

The head of Houston-based Sunnova Energy International Inc. said he would back the oil industry’s bid for federal aid amid the worst price rout in a generation, as long as it’s part of a package that restores the U.S. solar industry’s federal tax credit to last year’s level.

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“These are unusual times and unusual times call for fairly dramatic and fairly effective enforceable measures,” John Berger, Sunnova’s chief executive officer, said in a phone interview Wednesday.


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The rapid spread of the coronavirus has rattled economies around the world, slowing growth and weakening energy demand. That escalated after Saudi Arabia and Russia entered into an all-out oil price war, causing crude prices to plunge as much as 34% on Monday and stock markets to plummet around the world.



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