Spruce power announces acquisition of residential solar portfolio from njr clean energy ventures, adding nearly 9,800 customers in new jersey

Denver--(business wire)--spruce power holding corporation (nyse: spru) (“spruce” or the “company”) today announced the acquisition of a residential solar portfolio from njr clean energy ventures (“cev”), a subsidiary of new jersey resources corporation (nyse: njr), for $132.5 million. the acquisition closed on november 22, 2024. the acquired assets (“spruce power 5 portfolio” or the “portfolio”) consist of approximately 9,800 solar systems in new jersey that were installed under a cev residenti.
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