SoCore Energy
Sale of company to:
ENGIE
Edison International’s portfolio company, SoCore Energy LLC (“SoCore”), was acquired by ENGIE North America Inc (“ENGIE”). SoCore, headquartered in Chicago,
IL, is a fully-integrated developer, owner and operator of commercial and industrial (“C&I”), utility-scale Co-Op and community solar projects
with a national footprint. At the time, SoCore’s operating portfolio was comprised of 150 MW of solar PV systems with an average PPA contracted life
of 21 years. The development pipeline includes 170 MW of solar projects in late-stage development, as well as projects combining battery storage elements.
Marathon Capital served as the exclusive financial advisor to SoCore. Marathon Capital commenced a detailed marketing process in August 2017 emphasizing
the national footprint of the developer, strong relationships with Fortune 500 clients and the ability to perform multi-site rollouts in a highly efficient
manner. The process led to a successful signing of definite documents for the sale of the entire Company on March 1, 2018, approximately six months
following the launch of the process. SoCore fits well within the ENGIE North America Inc. (“ENGIE”) family of companies and will be a key piece of
ENGIE’s solution set for current and future customers.