ENGIE, Meridiam to Help U of Iowa Meet Sustainability Goals
10 Décembre 2019 - 6:51PM
Dow Jones News
By Stephen Nakrosis
The University of Iowa has awarded a 50-year concession to Engie
North America Inc. and Meridiam that will see the companies assist
the university in meeting water, energy and sustainability
goals.
The work will focus on two campuses in Iowa City, Iowa, that
span over 1,700 acres, the companies said.
The companies said they "will be 50/50 partners in an
organization that is locally resourced and will concretely
contribute to the United Nations Sustainable Development Goals and
allow the University to meet its energy transition objectives."
Under the terms of the deal, which is valued at over $1 billion,
Engie will work to improve and maintain the campuses' heating,
cooling and electricity systems, as well as water and sewer
services. The companies will help the university reach its goal of
coal-free energy production on campus by 2025, they said.
Meridiam, an independent investment firm founded in 2005, said
it specializes in developing, financing and managing long-term and
sustainable public infrastructure projects.
Engie North America said it offers a range of services in the
U.S. and Canada to help customers decarbonize, decentralize, and
digitalize their operations. France's Engie SA is the parent
company of Engie North America.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 10, 2019 12:36 ET (17:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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