Spruce Power Acquires Residential Solar Portfolio in New Jersey

The acquisition amounted to $132.5 million.

November 28, 2024

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Spruce Power, an owner and operator of distributed residential solar systems, announced the acquisition of a residential solar portfolio from NJR Clean Energy Ventures (CEV), a subsidiary of New Jersey Resources for $132.5 million. The transaction closed on November 22, 2024.

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