Engie has launched a sale of its US distributed generation (DG) business, with teasers distributed earlier this month, two sources familiar with the situation said.

BofA Securities is the financial advisor on the process, which is codenamed ‘Project Endor,’ the sources added.

This news service reported in November 2025 that Engie was exploring a sale of its DG business and BofA was the sell side financial advisor.

At the time, the French energy giant confirmed in a statement that Engie was considering a sale of its North American distributed solar and storage business as part of a strategic review of its Local Energy Infrastructure business. “No decisions have been made at this stage, and there is no certainty that the review will result in any transaction,” the company said in the statement.

In a February 2025 market update, Engie announced that it would focus on its core markets in Europe and place its local energy Infrastructures businesses in the US and smaller European countries under strategic review.

Engie’s DG portfolio includes assets from SoCore Energy, as reported by this news service.

In 2018, Engie acquired Chicago-based SoCore Energy from Edison International. SoCore’s portfolio, split between commercial and industrial, and community solar projects, included 150-megawatt (MW) of projects in operation or under construction and another 170 MW in late-stage development at the time of Engie’s acquisition.

BofA Securities declined to comment and Engie did not respond to requests for comment.