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BRIEF-Spruce Power Announces Acquisition Of Residential Solar Portfolio From NJR Clean Energy Ventures, Adding Nearly 9,800 Customers In New Jersey
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BRIEF-Spruce Power Announces Acquisition Of Residential Solar Portfolio From NJR Clean Energy Ventures, Adding Nearly 9,800 Customers In New Jersey
Nov 25, 2024 2:43 PM

Nov 25 (Reuters) - Spruce Power Holding Corp ( SPRU ):

* SPRUCE POWER ANNOUNCES ACQUISITION OF RESIDENTIAL SOLAR

PORTFOLIO FROM NJR CLEAN ENERGY VENTURES, ADDING NEARLY 9,800

CUSTOMERS IN NEW JERSEY

* SPRUCE POWER HOLDING CORP ( SPRU ) - DEAL EXPECTED TO HAVE

IMMEDIATE

ACCRETIVE FINANCIAL IMPACT, DELIVERING STRONG INITIAL

CASH-ON-CASH YIELD

* SPRUCE POWER HOLDING CORP ( SPRU ) - ACQUIRES RESIDENTIAL SOLAR

PORTFOLIO

FOR $132.5 MILLION

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