Spruce Power Holding (SPRU) announced a multi-year agreement to sell Spruce’s Solar Renewable Energy Credits in the state of New Jersey to an investment-grade energy sector counterparty that is ranked among the Fortune Global 50. The transaction is expected to generate approximately $10M in fully-hedged revenue for Spruce through 2029. This partnership is part of a broader Spruce initiative to leverage the Company’s platform and experience to capture the benefits of our SRECs.
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