Energy Efficiency, Solar, Sourcing Renewables  -  March 6, 2018

ENGIE expands solar power with acquisition

ENGIE North America announced on Mar. 5 that it will acquire solar developer, owner and operator SoCore Energy, including 150 MW of solar assets in operation or under construction by the end of the month, 170 MW of solar projects in development, and projects involving battery storage.

Chicago-based SoCore Energy focuses on C&I, municipal.co-op, and community solar projects across the U.S. According to a statement from ENGIE, SoCore’s capabilities include project origination and development, engineering, project financing, procurement, project management, and operations management.

"As with our recently announced acquisition of wind developer Infinity Renewables, with SoCore, ENGIE is investing in an experienced, accomplished development team, and we look forward to working with this team to accelerate the expansion of our renewables presence within the United States," said Frank Demaille, president and CEO of ENGIE North America. 'By adding more solar energy to our other retail, wind, and biomass offerings in the U.S., we can meet customers’ renewable energy procurement goals much more comprehensively than before," he added.

Rob Scheuermann, CEO and president of SoCore Energy, said, "Solar development firmly aligns with the strategic direction of ENGIE, and the combination of our talents will enable accelerated growth in the business, as well as more solutions for customers, including solar-with-storage options.”

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