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WASHINGTON (Reuters) - New Jersey Governor Chris Christie signed into law on Monday a bill that aims to stabilize the largest solar market in the United States, which has suffered from a sharp decline in demand for renewable energy credit and credit prices.

The Republican governor signed S-1925, a bipartisan bill that easily passed in both houses of the state legislature.

The bill will move up the start of a mandatory renewable energy production quota by four years and would lower the price ceiling for credits that electricity producers must use to comply with the quota.

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