Three teams from around the world in final running for OSU energy privatization

Two years after The Ohio State University (OSU) first announced its plans to explore privatizing its energy management, the university has identified three teams bidding on the project, including companies headquartered in Canada, Paris, and Australia, Columbus Business First reports. The teams “are made of a finance arm and an energy-operating company because of the complexity” of the project. According to the article, the winning bidder “would have to meet sustainability goals and the $150 million in what the university calls ‘academic collaboration investment,’ including $50 million apiece for research and philanthropy such as funding faculty positions.”

The three teams bidding for the opportunity to privatize OSU’s energy assets are Brookfield Asset Management and Enwave District Energy, Engie North America and Axium Infrastructure, and Macquarie Corporate Holdings and Veolia Energy Operating Services. For more, read the full article.

Renewable Energy