PPL Energy PLus, a division of PPL Corp (PPL) announced it has signed an agreement with Sunpower (SPWRA) to purchaxe New Jersey Solar Renewable Energy Certificates (SRECs) over the next next 10 years.

SRECs are certificates representing the energy benefits generated from solar energy and are issued each time one MW hour of electricity is generated.  They can then be sold or traded.  PPL will purchase SunPower SRECs which provide them with the funds needed … Read the rest