Spruce Power acquires additional 18 residential solar systems from NJR Clean Energy Ventures for ~$0.5M

SPRUCE POWER HOLDING CORP

Acquired 18 solar energy systems from CEV (NJR subsidiary) for approx. $0.5M cash.
Total acquired systems under the original Nov 2024 APA now exceeds 9,900 systems.
Transaction closed on June 26, 2025, under existing Asset Purchase Agreement.
Incremental acquisition continues Spruce's residential solar portfolio expansion.

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