Engie North America Inc. announced it has signed an agreement to acquire SoCore Energy. The acquisition includes 150MW of solar assets in operation or under construction by March 31, 2018, 170MW of solar projects in late-stage development, as well as projects combining battery storage elements.
"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, "The SoCore team is enthusiastic about joining the Engie group. 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."