The deal gives Edison International direct exposure to the booming distributed PV market in the US, seen by many as undermining its business model, and may open a vast new well of potential clients to SoCore Energy.
Privately owned SoCore focuses on multi-site retailers and other commercial and industrial rooftops.
The Chicago-based company claims it operates 80 PV installations in 11 states, counting the likes of Ikea and Walgreens – the largest drug retailer in the US – among its clients.
The