Spruce Power Acquires Portfolio Of 2,400 Residential Solar Systems And Contracts
08/21/23, 11:33 AM
Location
houstonlong islandIndustry
solar
renewable energy
energy
building maintenance
energy
construction
Spruce Power Holding Corporation (NYSE: SPRU) (“Spruce” or the “Company”), a leading owner and operator of distributed solar energy assets across the United States, today announced the acquisition of a portfolio of over 2,400 residential solar systems and contracts from a publicly traded, regulated utility company for $20.9 million. The acquisition closed on August 18, 2023.
Company Info
Location
Houston, Texas, United States
Company info
Spruce Power Holding Corporation (NYSE: SPRU) is a leading owner and operator of distributed solar energy assets across the United States. They provide subscription-based services that make it easy for homeowners to benefit from rooftop solar power and battery storage. Their power as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs.