Spruce Power Signs Multi-Year Multimillion Dollar Agreement to Sell Renewable Energy Credits in New Jersey

DENVER--(BUSINESS WIRE)--Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, announced a multi-year agreement to sell Spruce’s Solar Renewable Energy Credits (“SRECs”) 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 $10 million in fully-hedged revenue for Spr