Agreement signedAgreed 26 Nov 2024

Spruce Power 5, LLC /
NJR Clean Energy Ventures II Corporation

Spruce Power 5, LLC agrees to buy NJR Clean Energy Ventures II Corporation

Buy side: Spruce Power 5, LLC
Buy sideSpruce Power 5, LLC
Target: NJR Clean Energy Ventures II Corporation
TargetNJR Clean Energy Ventures II Corporation
Spruce Power Holding Corporation · 26 Nov 2024Source
Buy side: Spruce Power 5, LLC
Buy sideSpruce Power 5, LLC
Target: NJR Clean Energy Ventures II Corporation
TargetNJR Clean Energy Ventures II Corporation
01 / BuyerSpruce Power 5, LLC
02 / TargetNJR Clean Energy Ventures II Corporation
Source for the buyer and target: Spruce Power Holding Corporation

For the buyer and target.

“On November 26, 2024, Spruce Power Holding Corporation (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) to report that Spruce Power 5, LLC (“SP5”), a wholly-owned subsidiary of the Company, entered into an Asset Purchase Agreement (the “APA”) to acquire a residential solar portfolio consisting of approximately 9,800 solar energy systems (the “Acquired Assets”) from NJR Clean Energy Ventures II Corporation (“CEV”), a subsidiary of New Jersey Resources Corporation (“NJR”), pursuant to the APA by and between CEV and SP5, dated as of November 22, 2024.”

Published 10 Sep 2025

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01

What happened

Spruce Power 5, LLC agreed to acquire NJR Clean Energy Ventures II Corporation for approximately $0.2 million, according to a filing dated Sept. 10, 2025. [01]

02

The source

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01
Source · Spruce Power Holding Corporation

Spruce Power 5, LLC agrees to buy NJR Clean Energy Ventures II Corporation

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03

Timeline

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  1. Published by Spruce Power Holding Corporation

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  2. Announced

    “Spruce Power 5, LLC agrees to buy NJR Clean Energy Ventures II Corporation Spruce Power 5, LLC agreed to acquire NJR Clean Energy Ventures II Corporation for approximately $0.2 million, according to a filing dated Sep…”

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