Engie North America Acquires SoCore, in Strategic Play for the Commercial Solar Market

By [email protected] Engie North America announced Monday it will acquire SoCore Energy, a Chicago-headquartered solar company and subsidiary of Edison International.

The investment gives Engie a more concrete corner on the U.S. commercial market.

SoCore has 150 megawatts of projects operating or under construction and another 170 megawatts in late stage development. GTM Research estimates that about 70 percent of SoCore’s operating pipeline is commercial. According to GTM Research solar analyst Michelle Davis, assuming that SoCore’s 2017 installations are now within Engie’s portfolio that would bump Engie from its eighth place ranking as a commercial solar asset owner in Q3 2017 to

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