ENGIE Distributed Solar, formerly SoCore Energy, announced that it has closed on an investment from Goldman Sachs’ Alternative Energy Investing Group for a 75MW portfolio of distributed solar and battery storage projects. The innovative financing structure allows for the deployment of ENGIE North America’s national portfolio over the next 12 months and includes projects that will immediately start generating energy under their offtake contracts.
CohnReznick Capital is pleased to have advised ENGIE Distributed Solar on this transaction which brings together constructive streamlined capital and helps further the growth of the distributed generation solar market in the U.S.
For additional details on this transaction, please contact:
Principal & Managing Director
Britta von Oesen
For the full press release, please click here
About ENGIE North America – Distributed Solar
ENGIE North America Inc.’s Distributed Solar group (formerly SoCore Energy) is a market leader in commercial, industrial, and distributed solar and storage portfolio development based in Chicago, Illinois. With hundreds of solar solutions designed and installed across some 25 states, ENGIE’s distributed solar team offers commercial and industrial companies, electric cooperatives, and communities portfolio-wide solar and storage solutions that provide energy cost savings, increased resiliency, and carbon reduction opportunities. ENGIE North America manages a range of energy businesses in the United States and Canada. Nearly 100 percent of the company’s power generation portfolio is low carbon or renewable. Globally, ENGIE is the largest independent power producer and energy efficiency services provider, with operations in 70 countries employing 150,000 people, including 1,000 researchers in 11 R&D centers.
At CohnReznick Capital, our team creates unprecedented firsts providing investment banking services to the sustainability sector. Since 2008, CohnReznick Capital has executed more than 105 project and corporate transactions for renewable energy assets valued at more than $19 billion in aggregate. As the #1 ranked Renewable Energy Financial Adviser by IJ Global Magazine, we deliver exceptional services for financial institutions, infrastructure funds, strategic participants (IPPs and utilities), and leading global clean energy developers. Our team of experts help our clients break through the dynamic and evolving sustainability sector by simplifying project finance, M&A, capital raising and special situations. To learn more, please visit https://www.cohnreznickcapital.com , follow @CR_Capital on Twitter, and connect with us on LinkedIn.