Edison International completed its purchase of Chicago-based SoCore Energy LLC, a distributed solar energy developer focused on commercial rooftop solar installations. Financial details of the transaction were not disclosed.
SoCore Energy will become a unit of Edison International. SoCore Energy’s management team, employees and operations will continue to be based in Chicago.
SoCore Energy, a privately held company, was established in 2008 and focuses on the solar energy needs of multisite retailers, real estate investment trusts (REITs) and large commercial and industrial clients. SoCore Energy has designed, installed, and operates 80 commercial-scale solar installations in 11 states.
The company is responsible for executing one of the country’s largest solar energy rollouts for drugstore chain Walgreens. Key clients also include IKEA, Kimco Realty, and the Simon Property Group.