ENGIE North America to acquire SoCore Energy, 320MW PV pipeline

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
 This acquisition includes 150MW of PV assets either under construction or in operation — along with 170MW of PV projects in late-stage development, as well as projects combining battery storage elements. Image: ENGIE

ENGIE North America has signed off on an agreement to acquire SoCore Energy — a fully-integrated developer, owner, and operator of municipal/co-op PV, community solar, and commercial and industrial (C&I) PV projects across the US.

This acquisition includes 150MW of PV assets either under construction or in operation — along with 170MW of PV projects in late-stage development, as well as projects combining battery storage elements.

Headquartered in Chicago, SoCore’s responsibilities in the PV sector include project origination and development, engineering, project financing, procurement, project management, and operations management.

ENGIE intends to retain SoCore’s personnel and Chicago-based headquarters. The ENGIE and SoCore team will collaborate on the latter’s PV portfolio and will continue to own and operate those projects following commercial operation.

Frank Demaille, president and CEO of ENGIE North America, said: “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.

“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.”

14 June 2022
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2022 & 2023. We'll also be gathering the main players in the US solar market for some wine tasting!
4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

May 16, 2022
The world added record amounts of renewable energy last year with 295GW of capacity deployed, up 6% year-on-year, despite supply chain constraints, project delays and high commodity prices, according to the International Energy Agency (IEA), which also expects nearly 320GW to be deployed this year.  
May 13, 2022
Retail giant IKEA has partnered with US residential solar installer SunPower to offer home PV solutions in the US.
May 11, 2022
Canadian module manufacturer Heliene has seen unprecedented demand for its modules following the US Department of Commerce’s (DOC) decision to investigate alleged anti-dumping and circumvention (AD/CVD) by solar manufacturers in Thailand, Vietnam, Malaysia and Cambodia, which continues to spread chaos across the US solar sector.
May 11, 2022
solar tracker manufacturer FTC Solar has withdrawn its guidance for the year and warned of material uncertainties caused by the US AD/CVD investigation.
PV Tech Premium
May 11, 2022
PV Tech Premium speaks with BIPV company SunStyle about their expansion into the US market and how they believe the time is right for the technology in the US.
May 10, 2022
Independent power producer (IPP) Cypress Creek Renewables has hired Jeffrey Meigel as its new chief investment officer (CIO).

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA