The sale includes assets from Engie’s 2018 acquisition of SoCore Energy, two of the sources said

One of the sources said BofA Securities is working with Engie as sell side financial advisor.

A spokesperson for Engie North America confirmed in a statement that the company is considering a sale of its North American distributed solar and storage business, as part of the strategic review of its Local Energy Infrastructure business announced in February. “No decisions have been made at this stage, and there is no certainty that the review will result in any transaction,” the statement said.

French online business news site l’Informe reported in May that Engie wants to sell several business-to-consumer subsidiaries in France, Belgium, the Netherlands, Italy, and Switzerland.

This news service reported in February that Engie mandated Lazard to prepare a sale of its retail business in Italy.

Italian daily Il Sole 24 Ore reported in March, citing Engie Italia CEO Monica Iacono, that the French energy giant had called off the sale of its retail business in Italy.

Distributed generation hits the market

Several solar businesses have been trimming off their non-core, solar DG subsidiaries in 2025.

This news service reported earlier this month that RWE Clean Energy is exploring the sale of its US distributed clean energy business with financial advisor JPMorgan.

In October, this news service also reported that Adapture Renewables is exploring the sale of its solar DG portfolio with boutique clean energy investment bank NextPower Capital. And Keybanc is advising NextEra Energy Resources on a deal to sell its DG business to EQT-backed Madison Energy Infrastructure, as reported by this news service.

BofA Securities declined to comment.